Midwest Capital Advisors LLC Purchases Shares of 2,435 iShares Investment Grade Bond Factor ETF (BATS:IGEB)

Midwest Capital Advisors LLC bought a new position in shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,435 shares of the company’s stock, valued at approximately $108,000.

Several other hedge funds and other institutional investors have also made changes to their positions in IGEB. Raymond James & Associates raised its position in shares of iShares Investment Grade Bond Factor ETF by 129.9% during the 3rd quarter. Raymond James & Associates now owns 53,648 shares of the company’s stock worth $2,493,000 after acquiring an additional 30,308 shares in the last quarter. Bay Harbor Wealth Management LLC raised its position in shares of iShares Investment Grade Bond Factor ETF by 1.2% during the 3rd quarter. Bay Harbor Wealth Management LLC now owns 26,775 shares of the company’s stock worth $1,244,000 after acquiring an additional 329 shares in the last quarter. Integrated Advisors Network LLC acquired a new stake in shares of iShares Investment Grade Bond Factor ETF during the 3rd quarter worth about $586,000. ADE LLC acquired a new stake in shares of iShares Investment Grade Bond Factor ETF during the 3rd quarter worth about $272,000. Finally, SteelPeak Wealth LLC raised its position in shares of iShares Investment Grade Bond Factor ETF by 11.3% during the 3rd quarter. SteelPeak Wealth LLC now owns 83,859 shares of the company’s stock worth $3,897,000 after acquiring an additional 8,546 shares in the last quarter.

iShares Investment Grade Bond Factor ETF Price Performance

Shares of BATS IGEB opened at $44.83 on Monday. iShares Investment Grade Bond Factor ETF has a fifty-two week low of $48.61 and a fifty-two week high of $50.95. The stock’s 50-day simple moving average is $44.45 and its 200-day simple moving average is $45.24.

iShares Investment Grade Bond Factor ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were paid a dividend of $0.1833 per share. The ex-dividend date of this dividend was Monday, February 3rd.

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.