iShares Investment Grade Bond Factor ETF (BATS:IGEB) Announces Dividend Increase – $0.19 Per Share

iShares Investment Grade Bond Factor ETF (BATS:IGEB) declared a dividend on Thursday, March 28th, NASDAQ reports. Stockholders of record on Tuesday, April 2nd will be paid a dividend of 0.1878 per share on Friday, April 5th. The ex-dividend date of this dividend is Monday, April 1st. This is a boost from iShares Investment Grade Bond Factor ETF’s previous dividend of $0.18.

iShares Investment Grade Bond Factor ETF Trading Down 0.0 %

BATS:IGEB traded down $0.02 on Friday, hitting $44.85. 185,348 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $44.67 and a 200-day moving average price of $43.80. iShares Investment Grade Bond Factor ETF has a 1 year low of $48.61 and a 1 year high of $50.95.

Institutional Investors Weigh In On iShares Investment Grade Bond Factor ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Sunbelt Securities Inc. bought a new position in iShares Investment Grade Bond Factor ETF during the first quarter valued at about $48,000. Advisory Services Network LLC lifted its holdings in iShares Investment Grade Bond Factor ETF by 4,731.0% in the 1st quarter. Advisory Services Network LLC now owns 2,029 shares of the company’s stock worth $91,000 after purchasing an additional 1,987 shares during the last quarter. PNC Financial Services Group Inc. bought a new stake in iShares Investment Grade Bond Factor ETF during the fourth quarter worth approximately $113,000. Comerica Bank acquired a new position in iShares Investment Grade Bond Factor ETF during the fourth quarter valued at approximately $198,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of iShares Investment Grade Bond Factor ETF during the 4th quarter worth $229,000.

About iShares Investment Grade Bond Factor ETF

The iShares Investment Grade Bond Factor ETF (IGEB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a broad-maturity, multi-factor, investment-grade bond index. The index selects and weights bonds based on default probability, default-adjusted spreads, and volatility.