iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD – Get Free Report)’s stock price reached a new 52-week low on Wednesday. The stock traded as low as $104.03 and last traded at $103.9850, with a volume of 12631435 shares changing hands. The stock had previously closed at $105.09.
iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance
The company has a fifty day moving average price of $105.84 and a 200 day moving average price of $107.75. The company has a market cap of $27.51 billion, a PE ratio of 32.25 and a beta of 0.44.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of LQD. Operose Advisors LLC increased its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 69.2% during the second quarter. Operose Advisors LLC now owns 4,506 shares of the exchange traded fund’s stock valued at $491,000 after buying an additional 1,843 shares during the period. Compass Financial Management LLC purchased a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 2nd quarter valued at $251,000. Continuum Advisory LLC purchased a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 2nd quarter valued at $182,000. Oarsman Capital Inc. bought a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF in the 2nd quarter worth $95,734,000. Finally, RPg Family Wealth Advisory LLC raised its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 1,205.3% in the 2nd quarter. RPg Family Wealth Advisory LLC now owns 39,382 shares of the exchange traded fund’s stock worth $4,295,000 after purchasing an additional 36,365 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.
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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