Peapack Gladstone Financial Corp Buys 32,680 Shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB)

Peapack Gladstone Financial Corp raised its stake in iShares Investment Grade Bond Factor ETF (BATS:IGEB) by 480.6% in the 4th quarter, HoldingsChannel reports. The firm owned 39,480 shares of the company’s stock after acquiring an additional 32,680 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in iShares Investment Grade Bond Factor ETF were worth $1,751,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in IGEB. Wilmington Savings Fund Society FSB bought a new stake in iShares Investment Grade Bond Factor ETF in the 3rd quarter valued at about $26,000. FMR LLC grew its stake in iShares Investment Grade Bond Factor ETF by 46,350.0% in the third quarter. FMR LLC now owns 929 shares of the company’s stock valued at $43,000 after acquiring an additional 927 shares during the period. Wells Fargo & Company MN increased its holdings in shares of iShares Investment Grade Bond Factor ETF by 1,243.8% during the fourth quarter. Wells Fargo & Company MN now owns 2,177 shares of the company’s stock valued at $97,000 after acquiring an additional 2,015 shares in the last quarter. Midwest Capital Advisors LLC acquired a new position in shares of iShares Investment Grade Bond Factor ETF during the fourth quarter worth approximately $108,000. Finally, Principal Securities Inc. lifted its holdings in shares of iShares Investment Grade Bond Factor ETF by 207.6% in the 4th quarter. Principal Securities Inc. now owns 2,919 shares of the company’s stock worth $129,000 after purchasing an additional 1,970 shares in the last quarter.

iShares Investment Grade Bond Factor ETF Stock Performance

Shares of IGEB stock opened at $43.69 on Wednesday. The firm has a fifty day simple moving average of $44.75 and a two-hundred day simple moving average of $44.98. iShares Investment Grade Bond Factor ETF has a 12 month low of $43.28 and a 12 month high of $46.76.

iShares Investment Grade Bond Factor ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were given a $0.1843 dividend. This is a boost from iShares Investment Grade Bond Factor ETF’s previous dividend of $0.18. The ex-dividend date was Monday, March 3rd.

iShares Investment Grade Bond Factor ETF Company 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.