Oakworth Capital Inc. lessened its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD – Free Report) by 98.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 278 shares of the exchange traded fund’s stock after selling 23,496 shares during the quarter. Oakworth Capital Inc.’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $28,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Carolina Wealth Advisors LLC purchased a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 3rd quarter valued at $83,000. Wedbush Securities Inc. lifted its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 14.5% in the 3rd quarter. Wedbush Securities Inc. now owns 11,268 shares of the exchange traded fund’s stock worth $1,151,000 after purchasing an additional 1,428 shares during the period. Root Financial Partners LLC purchased a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 3rd quarter worth about $40,000. SBI Securities Co. Ltd. lifted its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 31.2% in the 3rd quarter. SBI Securities Co. Ltd. now owns 53,180 shares of the exchange traded fund’s stock worth $5,434,000 after purchasing an additional 12,647 shares during the period. Finally, USA Financial Formulas purchased a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 3rd quarter worth about $11,654,000. Institutional investors own 89.30% of the company’s stock.
iShares iBoxx $ Investment Grade Corporate Bond ETF Trading Down 0.2%
Shares of LQD opened at $104.07 on Thursday. The firm’s 50-day moving average price is $104.17 and its 200-day moving average price is $107.77. The firm has a market capitalization of $30.43 billion, a price-to-earnings ratio of 32.25 and a beta of 0.45. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 1-year low of $101.19 and a 1-year high of $112.89.
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. 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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