Mitsubishi UFJ Trust & Banking Corp Grows Stake in iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD

Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 52.9% in the 3rd quarter, Holdings Channel reports. The firm owned 678,805 shares of the exchange traded fund’s stock after purchasing an additional 234,900 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $75,666,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LQD. First Horizon Corp purchased a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 3rd quarter worth approximately $26,000. Trust Co. of Toledo NA OH purchased a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the second quarter valued at approximately $27,000. Atlantic Union Bankshares Corp acquired a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the second quarter worth approximately $30,000. Trust Co. of Vermont increased its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 255.7% during the third quarter. Trust Co. of Vermont now owns 313 shares of the exchange traded fund’s stock worth $35,000 after purchasing an additional 225 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 34.6% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 350 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 90 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

Shares of LQD stock opened at $110.84 on Friday. iShares iBoxx $ Investment Grade Corporate Bond ETF has a fifty-two week low of $103.45 and a fifty-two week high of $112.93. The stock’s fifty day moving average is $110.69 and its two-hundred day moving average is $110.62. The firm has a market capitalization of $27.51 billion, a P/E ratio of 32.25 and a beta of 0.46.

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.