Synergy Asset Management LLC Makes New $399,000 Investment in iShares Investment Grade Bond Factor ETF (BATS:IGEB)

Synergy Asset Management LLC bought a new position in shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 8,906 shares of the company’s stock, valued at approximately $399,000. Synergy Asset Management LLC owned approximately 0.16% of iShares Investment Grade Bond Factor ETF at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of IGEB. Altus Wealth Management LLC increased its position in shares of iShares Investment Grade Bond Factor ETF by 2.2% in the fourth quarter. Altus Wealth Management LLC now owns 32,964 shares of the company’s stock valued at $1,491,000 after acquiring an additional 716 shares during the last quarter. Dohj LLC grew its position in shares of iShares Investment Grade Bond Factor ETF by 3.0% in the first quarter. Dohj LLC now owns 34,376 shares of the company’s stock valued at $1,542,000 after purchasing an additional 1,000 shares during the last quarter. ICA Group Wealth Management LLC acquired a new position in shares of iShares Investment Grade Bond Factor ETF in the fourth quarter valued at approximately $55,000. SouthState Corp acquired a new position in shares of iShares Investment Grade Bond Factor ETF in the fourth quarter valued at approximately $56,000. Finally, PNC Financial Services Group Inc. acquired a new position in shares of iShares Investment Grade Bond Factor ETF in the fourth quarter valued at approximately $113,000.

iShares Investment Grade Bond Factor ETF Price Performance

Shares of iShares Investment Grade Bond Factor ETF stock traded down $0.20 on Tuesday, hitting $43.99. The stock had a trading volume of 186,294 shares. The business’s 50 day moving average is $44.21 and its two-hundred day moving average is $44.48. iShares Investment Grade Bond Factor ETF has a twelve month low of $48.61 and a twelve month high of $50.95.

iShares Investment Grade Bond Factor ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, July 5th. Investors of record on Monday, July 1st will be paid a $0.1689 dividend. The ex-dividend date is Monday, July 1st.

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.