Alterna Wealth Management Inc. Acquires 1,846 Shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB)

Alterna Wealth Management Inc. lifted its holdings in iShares Investment Grade Bond Factor ETF (BATS:IGEB) by 19.4% in the 3rd quarter, Holdings Channel reports. The firm owned 11,369 shares of the company’s stock after acquiring an additional 1,846 shares during the period. Alterna Wealth Management Inc.’s holdings in iShares Investment Grade Bond Factor ETF were worth $528,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IGEB. Janney Montgomery Scott LLC lifted its position in iShares Investment Grade Bond Factor ETF by 4.5% during the third quarter. Janney Montgomery Scott LLC now owns 639,972 shares of the company’s stock valued at $29,739,000 after purchasing an additional 27,579 shares during the period. Farther Finance Advisors LLC grew its position in iShares Investment Grade Bond Factor ETF by 15.7% during the third quarter. Farther Finance Advisors LLC now owns 27,826 shares of the company’s stock valued at $1,293,000 after buying an additional 3,768 shares during the period. Forte Asset Management LLC purchased a new stake in iShares Investment Grade Bond Factor ETF during the third quarter valued at approximately $3,220,000. US Bancorp DE raised its position in iShares Investment Grade Bond Factor ETF by 0.6% in the third 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. Finally, 1620 Investment Advisors Inc. raised its position in iShares Investment Grade Bond Factor ETF by 5.8% in the third quarter. 1620 Investment Advisors Inc. now owns 12,245 shares of the company’s stock worth $569,000 after acquiring an additional 672 shares during the period.

iShares Investment Grade Bond Factor ETF Stock Performance

BATS:IGEB opened at $45.01 on Tuesday. The business has a fifty day moving average price of $45.95 and a 200-day moving average price of $45.08. iShares Investment Grade Bond Factor ETF has a one year low of $48.61 and a one year high of $50.95.

iShares Investment Grade Bond Factor ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.1867 per share. This is a boost from iShares Investment Grade Bond Factor ETF’s previous dividend of $0.17. The ex-dividend date of this dividend was Tuesday, September 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.