Cwm LLC Sells 212,021 Shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB)

Cwm LLC decreased its stake in iShares Investment Grade Bond Factor ETF (BATS:IGEB) by 16.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,084,746 shares of the company’s stock after selling 212,021 shares during the period. Cwm LLC owned 19.03% of iShares Investment Grade Bond Factor ETF worth $49,079,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in IGEB. Citadel Advisors LLC purchased a new position in iShares Investment Grade Bond Factor ETF during the second quarter valued at approximately $1,509,000. Envestnet Asset Management Inc. purchased a new position in iShares Investment Grade Bond Factor ETF during the first quarter valued at approximately $3,965,000. Cambridge Investment Research Advisors Inc. purchased a new position in iShares Investment Grade Bond Factor ETF during the first quarter valued at approximately $614,000. Bank of America Corp DE grew its stake in iShares Investment Grade Bond Factor ETF by 9.4% during the first quarter. Bank of America Corp DE now owns 86,233 shares of the company’s stock valued at $3,855,000 after acquiring an additional 7,437 shares in the last quarter. Finally, Nwam LLC grew its stake in iShares Investment Grade Bond Factor ETF by 35.1% during the first quarter. Nwam LLC now owns 12,903 shares of the company’s stock valued at $577,000 after acquiring an additional 3,353 shares in the last quarter.

iShares Investment Grade Bond Factor ETF Price Performance

BATS:IGEB traded up $0.06 during mid-day trading on Friday, hitting $43.52. 73,574 shares of the stock traded hands. The business’s 50-day moving average price is $44.39 and its 200 day moving average price is $43.93. 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 company also recently disclosed a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were paid a dividend of $0.1878 per share. The ex-dividend date of this dividend was Monday, April 1st. This is a boost from iShares Investment Grade Bond Factor ETF’s previous dividend of $0.18.

About iShares Investment Grade Bond Factor ETF

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.