Brookstone Capital Management Takes Position in iShares Investment Grade Bond Factor ETF (BATS:IGEB)

Brookstone Capital Management acquired a new stake in shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 22,601 shares of the company’s stock, valued at approximately $1,019,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Cobblestone Asset Management LLC bought a new stake in shares of iShares Investment Grade Bond Factor ETF during the second quarter valued at approximately $655,000. Sharkey Howes & Javer bought a new stake in shares of iShares Investment Grade Bond Factor ETF during the second quarter valued at approximately $1,783,000. SteelPeak Wealth LLC bought a new stake in shares of iShares Investment Grade Bond Factor ETF during the second quarter valued at approximately $3,341,000. Envestnet Portfolio Solutions Inc. grew its holdings in shares of iShares Investment Grade Bond Factor ETF by 1,596.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 811,085 shares of the company’s stock valued at $35,980,000 after purchasing an additional 763,278 shares in the last quarter. Finally, Tsfg LLC purchased a new position in shares of iShares Investment Grade Bond Factor ETF in the second quarter valued at $174,000.

iShares Investment Grade Bond Factor ETF Price Performance

IGEB stock opened at $45.72 on Monday. The firm has a fifty day moving average price of $44.86 and a 200 day moving average price of $44.50. iShares Investment Grade Bond Factor ETF has a fifty-two week low of $48.61 and a fifty-two week high of $50.95.

iShares Investment Grade Bond Factor ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, July 1st were paid a dividend of $0.1689 per share. The ex-dividend date was Monday, July 1st.

iShares Investment Grade Bond Factor ETF Company 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.