iA Global Asset Management Inc. trimmed its position in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD – Free Report) by 42.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 345,220 shares of the exchange traded fund’s stock after selling 254,980 shares during the period. iA Global Asset Management Inc.’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $37,626,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in LQD. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter valued at $32,000. Jessup Wealth Management Inc purchased a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 4th quarter worth about $33,000. Comprehensive Financial Planning Inc. PA grew its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 175.4% in the 4th quarter. Comprehensive Financial Planning Inc. PA now owns 336 shares of the exchange traded fund’s stock worth $37,000 after buying an additional 214 shares during the period. EQ Wealth Advisors LLC bought a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 4th quarter worth about $41,000. Finally, Park National Corp OH bought a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 1st quarter worth about $43,000. Institutional investors own 89.30% of the company’s stock.
iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance
Shares of NYSEARCA LQD opened at $109.07 on Wednesday. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 1 year low of $106.93 and a 1 year high of $112.93. The firm has a 50-day moving average of $108.86 and a 200 day moving average of $109.72. The stock has a market cap of $30.91 billion, a P/E ratio of 32.25 and a beta of 0.44.
About iShares iBoxx $ Investment Grade Corporate Bond ETF
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. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, and oil and gas companies.
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Want to see what other hedge funds are holding LQD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD – Free Report).
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