Investors purchased shares of iShares IBoxx $ Invest Grade Corp Bd Fd (NYSE:LQD) on weakness during trading on Wednesday. $250.65 million flowed into the stock on the tick-up and $75.07 million flowed out of the stock on the tick-down, for a money net flow of $175.58 million into the stock. Of all stocks tracked, iShares IBoxx $ Invest Grade Corp Bd Fd had the 2nd highest net in-flow for the day. iShares IBoxx $ Invest Grade Corp Bd Fd traded down ($0.07) for the day and closed at $121.22

The company has a 50-day moving average price of $121.03 and a 200-day moving average price of $120.02.

The company also recently announced a monthly dividend, which will be paid on Friday, October 6th. Investors of record on Tuesday, October 3rd will be paid a $0.3228 dividend. This represents a $3.87 dividend on an annualized basis and a dividend yield of 3.20%. This is a positive change from iShares IBoxx $ Invest Grade Corp Bd Fd’s previous monthly dividend of $0.32. The ex-dividend date is Monday, October 2nd.

Several hedge funds and other institutional investors have recently modified their holdings of LQD. Patriot Financial Group Insurance Agency LLC raised its stake in shares of iShares IBoxx $ Invest Grade Corp Bd Fd by 81.6% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 937 shares of the exchange traded fund’s stock valued at $112,000 after purchasing an additional 421 shares in the last quarter. Westwood Holdings Group Inc. acquired a new position in shares of iShares IBoxx $ Invest Grade Corp Bd Fd in the second quarter valued at $129,000. Captrust Financial Advisors acquired a new position in shares of iShares IBoxx $ Invest Grade Corp Bd Fd in the second quarter valued at $131,000. Forward Management LLC acquired a new position in shares of iShares IBoxx $ Invest Grade Corp Bd Fd in the second quarter valued at $137,000. Finally, Sandy Spring Bank raised its stake in shares of iShares IBoxx $ Invest Grade Corp Bd Fd by 49.9% in the second quarter. Sandy Spring Bank now owns 1,352 shares of the exchange traded fund’s stock valued at $163,000 after purchasing an additional 450 shares in the last quarter.

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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.

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