BNP Paribas Arbitrage SA decreased its stake in iShares IBoxx $ Invest Grade Corp Bd Fd (NYSE:LQD) by 94.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 23,318 shares of the exchange traded fund’s stock after selling 409,411 shares during the period. BNP Paribas Arbitrage SA’s holdings in iShares IBoxx $ Invest Grade Corp Bd Fd were worth $2,810,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of LQD. Forward Management LLC purchased a new position in iShares IBoxx $ Invest Grade Corp Bd Fd during the second quarter valued at approximately $137,000. Trellus Management Company LLC purchased a new position in iShares IBoxx $ Invest Grade Corp Bd Fd during the second quarter valued at approximately $204,000. Wellington Shields Capital Management LLC boosted its position in iShares IBoxx $ Invest Grade Corp Bd Fd by 14.3% in the second quarter. Wellington Shields Capital Management LLC now owns 2,000 shares of the exchange traded fund’s stock valued at $241,000 after buying an additional 250 shares in the last quarter. Blue Sky Asset Management LLC purchased a new position in iShares IBoxx $ Invest Grade Corp Bd Fd during the second quarter valued at approximately $286,000. Finally, Cadinha & Co. LLC boosted its position in iShares IBoxx $ Invest Grade Corp Bd Fd by 9.1% in the second quarter. Cadinha & Co. LLC now owns 2,518 shares of the exchange traded fund’s stock valued at $303,000 after buying an additional 210 shares in the last quarter.

iShares IBoxx $ Invest Grade Corp Bd Fd (NYSE:LQD) opened at 121.30 on Wednesday. iShares IBoxx $ Invest Grade Corp Bd Fd has a 52-week low of $115.55 and a 52-week high of $124.45. The firm’s 50 day moving average is $120.74 and its 200 day moving average is $119.26.

The firm also recently disclosed a monthly dividend, which was paid on Monday, August 7th. Stockholders of record on Thursday, August 3rd were issued a $0.3179 dividend. This represents a $3.81 annualized dividend and a dividend yield of 3.14%. The ex-dividend date was Tuesday, August 1st.

COPYRIGHT VIOLATION WARNING: This story was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/08/30/ishares-iboxx-invest-grade-corp-bd-fd-lqd-stake-decreased-by-bnp-paribas-arbitrage-sa.html.

About iShares IBoxx $ Invest Grade Corp Bd Fd

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.

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 $ Invest Grade Corp Bd Fd (NYSE:LQD).

Institutional Ownership by Quarter for iShares IBoxx $ Invest Grade Corp Bd Fd (NYSE:LQD)

Receive News & Stock Ratings for iShares IBoxx $ Invest Grade Corp Bd Fd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares IBoxx $ Invest Grade Corp Bd Fd and related stocks with our FREE daily email newsletter.