Convergence Financial LLC Purchases 3,223 Shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB)

Convergence Financial LLC grew its position in shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB) by 13.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,971 shares of the company’s stock after buying an additional 3,223 shares during the quarter. Convergence Financial LLC owned approximately 0.18% of iShares Investment Grade Bond Factor ETF worth $1,253,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of IGEB. Envestnet Asset Management Inc. increased its stake in shares of iShares Investment Grade Bond Factor ETF by 450.0% in the second quarter. Envestnet Asset Management Inc. now owns 6,488,594 shares of the company’s stock valued at $287,834,000 after buying an additional 5,308,807 shares in the last quarter. LPL Financial LLC grew its holdings in iShares Investment Grade Bond Factor ETF by 187.8% during the 2nd quarter. LPL Financial LLC now owns 2,131,417 shares of the company’s stock worth $94,550,000 after acquiring an additional 1,390,904 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in iShares Investment Grade Bond Factor ETF by 113.1% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 1,171,932 shares of the company’s stock valued at $51,987,000 after acquiring an additional 621,932 shares in the last quarter. CWM LLC raised its stake in shares of iShares Investment Grade Bond Factor ETF by 2.1% in the second quarter. CWM LLC now owns 1,010,995 shares of the company’s stock worth $44,848,000 after acquiring an additional 21,057 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of iShares Investment Grade Bond Factor ETF by 9.2% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 938,769 shares of the company’s stock worth $43,625,000 after purchasing an additional 79,102 shares in the last quarter.

iShares Investment Grade Bond Factor ETF Stock Down 0.3 %

BATS:IGEB opened at $45.28 on Friday. The stock’s fifty day moving average price is $46.06 and its two-hundred day moving average price is $45.01. iShares Investment Grade Bond Factor ETF has a 52-week low of $48.61 and a 52-week high of $50.95.

iShares Investment Grade Bond Factor ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were issued a $0.1867 dividend. This is a boost from iShares Investment Grade Bond Factor ETF’s previous dividend of $0.17. The ex-dividend date was Tuesday, September 3rd.

iShares Investment Grade Bond Factor ETF Profile

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.