Concorde Asset Management LLC Reduces Position in iShares Investment Grade Bond Factor ETF (BATS:IGEB)

Concorde Asset Management LLC lowered its position in iShares Investment Grade Bond Factor ETF (BATS:IGEB) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,660 shares of the company’s stock after selling 277 shares during the quarter. Concorde Asset Management LLC’s holdings in iShares Investment Grade Bond Factor ETF were worth $251,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in iShares Investment Grade Bond Factor ETF in the 3rd quarter valued at $26,000. FMR LLC increased 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 purchasing an additional 927 shares during the period. Glass Jacobson Investment Advisors llc raised its holdings in shares of iShares Investment Grade Bond Factor ETF by 222.8% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 1,730 shares of the company’s stock valued at $77,000 after buying an additional 1,194 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of 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 valued at $97,000 after buying an additional 2,015 shares during the last quarter. Finally, Midwest Capital Advisors LLC acquired a new stake in shares of iShares Investment Grade Bond Factor ETF during the fourth quarter worth about $108,000.

iShares Investment Grade Bond Factor ETF Stock Performance

Shares of IGEB stock opened at $43.71 on Friday. The stock’s 50-day moving average price is $44.72 and its 200 day moving average price is $44.95. iShares Investment Grade Bond Factor ETF has a 52-week low of $43.19 and a 52-week high of $46.76.

iShares Investment Grade Bond Factor ETF Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued 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 of this dividend was Monday, March 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.