Tennessee Valley Asset Management Partners Has $2.65 Million Stock Position in iShares Investment Grade Bond Factor ETF (BATS:IGEB)

Tennessee Valley Asset Management Partners lessened its stake in shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB) by 1.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 59,740 shares of the company’s stock after selling 715 shares during the quarter. Tennessee Valley Asset Management Partners’ holdings in iShares Investment Grade Bond Factor ETF were worth $2,650,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of iShares Investment Grade Bond Factor ETF in the third quarter worth approximately $26,000. Assetmark Inc. acquired a new stake in shares of iShares Investment Grade Bond Factor ETF during the 3rd quarter valued at $29,000. FMR LLC raised its holdings in shares of iShares Investment Grade Bond Factor ETF by 46,350.0% during the third quarter. FMR LLC now owns 929 shares of the company’s stock worth $43,000 after acquiring an additional 927 shares in the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new stake in iShares Investment Grade Bond Factor ETF during the second quarter valued at $60,000. Finally, Investment Advisory Group LLC acquired a new stake in iShares Investment Grade Bond Factor ETF during the third quarter valued at $220,000.

iShares Investment Grade Bond Factor ETF Stock Up 1.5 %

Shares of IGEB stock opened at $44.43 on Monday. iShares Investment Grade Bond Factor ETF has a fifty-two week low of $48.61 and a fifty-two week high of $50.95. The stock’s 50-day moving average is $44.70 and its two-hundred day moving average is $45.30.

iShares Investment Grade Bond Factor ETF 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.