USA Financial Formulas Has $33.49 Million Stake in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD)

USA Financial Formulas cut its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 22.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 308,139 shares of the exchange traded fund’s stock after selling 89,458 shares during the period. iShares iBoxx $ Investment Grade Corporate Bond ETF makes up 5.5% of USA Financial Formulas’ portfolio, making the stock its 5th largest position. USA Financial Formulas’ holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $33,492,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in LQD. Quent Capital LLC lifted its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 59.6% in the fourth quarter. Quent Capital LLC now owns 742 shares of the exchange traded fund’s stock worth $79,000 after purchasing an additional 277 shares during the last quarter. Aspect Partners LLC lifted its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 33,367.4% in the fourth quarter. Aspect Partners LLC now owns 193,776 shares of the exchange traded fund’s stock worth $20,703,000 after purchasing an additional 193,197 shares during the last quarter. SVB Wealth LLC bought a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF in the fourth quarter worth $361,000. Providence First Trust Co lifted its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 45.2% in the fourth quarter. Providence First Trust Co now owns 129,725 shares of the exchange traded fund’s stock worth $13,860,000 after purchasing an additional 40,355 shares during the last quarter. Finally, Anfield Capital Management LLC raised its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 2.9% during the fourth quarter. Anfield Capital Management LLC now owns 74,485 shares of the exchange traded fund’s stock valued at $7,958,000 after acquiring an additional 2,106 shares during the last quarter. 89.30% of the stock is owned by institutional investors.

iShares iBoxx $ Investment Grade Corporate Bond ETF Trading Up 0.2%

Shares of NYSEARCA:LQD opened at $107.50 on Wednesday. The company has a market cap of $30.18 billion, a price-to-earnings ratio of 32.25 and a beta of 0.43. The company has a 50-day moving average price of $106.84 and a 200-day moving average price of $107.62. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 12 month low of $103.45 and a 12 month high of $114.07.

iShares iBoxx $ Investment Grade Corporate Bond ETF Profile

iShares iBoxx $ Investment Grade Corporate Bond ETF (the Fund), formerly iShares iBoxx $ Investment Grade Corporate Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the Markit iBoxx USD Liquid Investment Grade Index (the Index), which is a rules-based index consisting of liquid, the United States dollar-denominated, investment-grade corporate bonds for sale in the United States.