Park Place Capital Corp Takes Position in iShares Investment Grade Bond Factor ETF (BATS:IGEB)

Park Place Capital Corp purchased a new stake in iShares Investment Grade Bond Factor ETF (BATS:IGEB) during the 2nd quarter, HoldingsChannel reports. The fund purchased 861 shares of the company’s stock, valued at approximately $38,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nations Financial Group Inc. IA ADV bought a new stake in shares of iShares Investment Grade Bond Factor ETF in the fourth quarter valued at approximately $253,000. Waller Financial Planning Group Inc. grew its stake in iShares Investment Grade Bond Factor ETF by 0.8% during the first quarter. Waller Financial Planning Group Inc. now owns 473,950 shares of the company’s stock valued at $21,257,000 after acquiring an additional 3,545 shares in the last quarter. SouthState Corp purchased a new position in iShares Investment Grade Bond Factor ETF during the fourth quarter valued at approximately $56,000. Prime Capital Investment Advisors LLC purchased a new position in iShares Investment Grade Bond Factor ETF during the fourth quarter valued at approximately $825,000. Finally, Dohj LLC purchased a new position in iShares Investment Grade Bond Factor ETF during the fourth quarter valued at approximately $1,510,000.

iShares Investment Grade Bond Factor ETF Price Performance

BATS:IGEB traded up $0.35 during mid-day trading on Friday, hitting $45.59. 118,853 shares of the stock traded hands. The business’s 50-day moving average price is $44.63 and its 200 day moving average price is $44.46. 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 Cuts Dividend

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