iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD – Get Free Report) reached a new 52-week low on Tuesday . The company traded as low as $106.77 and last traded at $106.82, with a volume of 1098616 shares. The stock had previously closed at $107.15.
iShares iBoxx $ Investment Grade Corporate Bond ETF Trading Down 0.2%
The firm’s fifty day moving average is $108.46 and its 200-day moving average is $109.45. The stock has a market capitalization of $34.95 billion, a PE ratio of 32.25 and a beta of 0.43.
Institutional Investors Weigh In On iShares iBoxx $ Investment Grade Corporate Bond ETF
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 430.0% in the 4th quarter. JPMorgan Chase & Co. now owns 3,932,215 shares of the exchange traded fund’s stock valued at $433,291,000 after buying an additional 3,190,347 shares during the period. Penn Mutual Asset Management purchased a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter worth approximately $142,182,000. Payden & Rygel purchased a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter worth approximately $51,172,000. BNP Paribas raised its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 14.4% in the fourth quarter. BNP Paribas now owns 2,362,313 shares of the exchange traded fund’s stock valued at $260,303,000 after acquiring an additional 298,058 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 6,160.6% in the first quarter. SG Americas Securities LLC now owns 241,595 shares of the exchange traded fund’s stock valued at $26,331,000 after acquiring an additional 237,736 shares in the last quarter. 89.30% of the stock is 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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