CPA Asset Management LLC Raises Position in iShares Investment Grade Bond Factor ETF (BATS:IGEB)

CPA Asset Management LLC raised its stake in shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB) by 72.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,392 shares of the company’s stock after purchasing an additional 9,859 shares during the period. CPA Asset Management LLC owned 0.41% of iShares Investment Grade Bond Factor ETF worth $1,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

iShares Investment Grade Bond Factor ETF Stock Performance

IGEB stock traded up $0.21 during midday trading on Thursday, reaching $44.87. The stock had a trading volume of 62,417 shares. The firm has a fifty day simple moving average of $44.66 and a two-hundred day simple moving average of $43.78. iShares Investment Grade Bond Factor ETF has a 52-week low of $48.61 and a 52-week high of $50.95.

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.