iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD – Get Free Report) shares passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $103.94 and traded as high as $104.60. iShares iBoxx $ Investment Grade Corporate Bond ETF shares last traded at $104.50, with a volume of 43,475,235 shares changing hands.
iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance
The company has a fifty day moving average of $103.86 and a 200 day moving average of $107.55. The firm has a market capitalization of $31.98 billion, a P/E ratio of 32.25 and a beta of 0.45.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB bought a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 3rd quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF in the third quarter worth about $35,000. Root Financial Partners LLC purchased a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 3rd quarter valued at $40,000. John Boyer Inc. bought a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 3rd quarter worth about $54,000. Finally, Carolina Wealth Advisors LLC bought a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 3rd quarter valued at about $83,000. 89.30% of the stock is currently owned by hedge funds and other institutional investors.
iShares iBoxx $ Investment Grade Corporate Bond ETF Company 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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