Pinion Investment Advisors LLC Buys New Position in iShares Investment Grade Bond Factor ETF (BATS:IGEB)

Pinion Investment Advisors LLC purchased a new position in iShares Investment Grade Bond Factor ETF (BATS:IGEB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 6,524 shares of the company’s stock, valued at approximately $289,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Coldstream Capital Management Inc. grew its position in iShares Investment Grade Bond Factor ETF by 4.8% during the third quarter. Coldstream Capital Management Inc. now owns 5,355 shares of the company’s stock valued at $249,000 after purchasing an additional 243 shares in the last quarter. US Bancorp DE raised its holdings in iShares Investment Grade Bond Factor ETF by 0.6% in the 3rd quarter. US Bancorp DE now owns 83,887 shares of the company’s stock worth $3,898,000 after acquiring an additional 540 shares during the period. Vertex Planning Partners LLC lifted its position in shares of iShares Investment Grade Bond Factor ETF by 6.1% during the 3rd quarter. Vertex Planning Partners LLC now owns 9,578 shares of the company’s stock worth $445,000 after purchasing an additional 548 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of iShares Investment Grade Bond Factor ETF during the third quarter worth approximately $26,000. Finally, Assetmark Inc. acquired a new position in iShares Investment Grade Bond Factor ETF during the 3rd quarter valued at $29,000.

iShares Investment Grade Bond Factor ETF Trading Up 3.2 %

Shares of IGEB stock opened at $45.20 on Tuesday. The stock has a 50 day moving average of $44.49 and a two-hundred day moving average of $45.23. iShares Investment Grade Bond Factor ETF has a 12 month low of $48.61 and a 12 month high of $50.95.

iShares Investment Grade Bond Factor ETF Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.1843 per share. The ex-dividend date of this dividend is 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.