US Bancorp DE Raises Stock Holdings in iShares Investment Grade Bond Factor ETF (BATS:IGEB)

US Bancorp DE boosted its holdings in shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB) by 0.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 83,887 shares of the company’s stock after buying an additional 540 shares during the quarter. US Bancorp DE’s holdings in iShares Investment Grade Bond Factor ETF were worth $3,898,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in IGEB. Envestnet Asset Management Inc. increased its holdings in shares of iShares Investment Grade Bond Factor ETF by 450.0% in the second quarter. Envestnet Asset Management Inc. now owns 6,488,594 shares of the company’s stock valued at $287,834,000 after purchasing an additional 5,308,807 shares during the period. LPL Financial LLC boosted its position in iShares Investment Grade Bond Factor ETF by 187.8% during the second quarter. LPL Financial LLC now owns 2,131,417 shares of the company’s stock worth $94,550,000 after purchasing an additional 1,390,904 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in iShares Investment Grade Bond Factor ETF by 1,596.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 811,085 shares of the company’s stock worth $35,980,000 after purchasing an additional 763,278 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in iShares Investment Grade Bond Factor ETF by 113.1% during the second quarter. State of New Jersey Common Pension Fund D now owns 1,171,932 shares of the company’s stock worth $51,987,000 after purchasing an additional 621,932 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in iShares Investment Grade Bond Factor ETF by 323.2% during the second quarter. Cetera Investment Advisers now owns 557,939 shares of the company’s stock worth $24,750,000 after purchasing an additional 426,114 shares in the last quarter.

iShares Investment Grade Bond Factor ETF Stock Performance

BATS IGEB opened at $45.01 on Tuesday. The stock’s 50 day simple moving average is $45.98 and its 200-day simple moving average is $45.07. iShares Investment Grade Bond Factor ETF has a 1-year low of $48.61 and a 1-year high of $50.95.

iShares Investment Grade Bond Factor ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were paid 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.

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.