Envestnet Asset Management Inc. Sells 5,127,789 Shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB)

Envestnet Asset Management Inc. trimmed its stake in shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB) by 77.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,503,674 shares of the company’s stock after selling 5,127,789 shares during the quarter. Envestnet Asset Management Inc. owned approximately 9.93% of iShares Investment Grade Bond Factor ETF worth $66,703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB bought a new stake in iShares Investment Grade Bond Factor ETF in the third quarter worth approximately $26,000. FMR LLC increased its holdings 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 worth $43,000 after purchasing an additional 927 shares in the last quarter. Wells Fargo & Company MN increased its holdings in iShares Investment Grade Bond Factor ETF by 1,243.8% in the fourth quarter. Wells Fargo & Company MN now owns 2,177 shares of the company’s stock worth $97,000 after purchasing an additional 2,015 shares in the last quarter. Midwest Capital Advisors LLC bought a new stake in iShares Investment Grade Bond Factor ETF in the fourth quarter worth approximately $108,000. Finally, Principal Securities Inc. increased its holdings in iShares Investment Grade Bond Factor ETF by 207.6% in the fourth 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 Price Performance

Shares of iShares Investment Grade Bond Factor ETF stock opened at $44.24 on Thursday. iShares Investment Grade Bond Factor ETF has a 52 week low of $43.19 and a 52 week high of $46.76. The stock has a 50 day moving average price of $44.73 and a two-hundred day moving average price of $44.96.

iShares Investment Grade Bond Factor ETF Increases Dividend

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

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.