JPMorgan Chase & Co. Has $82.70 Million Position in iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD

JPMorgan Chase & Co. cut its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 60.0% during the third quarter, Holdings Channel reports. The institutional investor owned 741,868 shares of the exchange traded fund’s stock after selling 1,110,701 shares during the quarter. JPMorgan Chase & Co.’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $82,696,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Alteri Wealth LLC raised its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 16.6% in the 2nd quarter. Alteri Wealth LLC now owns 10,361 shares of the exchange traded fund’s stock valued at $1,136,000 after acquiring an additional 1,475 shares in the last quarter. White Pine Capital LLC grew its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 115.8% during the 2nd quarter. White Pine Capital LLC now owns 6,552 shares of the exchange traded fund’s stock worth $718,000 after purchasing an additional 3,516 shares in the last quarter. Rock Creek Group LP bought a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the second quarter valued at approximately $493,000. Waterloo Capital L.P. increased its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 1,005.4% during the second quarter. Waterloo Capital L.P. now owns 26,785 shares of the exchange traded fund’s stock valued at $2,936,000 after purchasing an additional 24,362 shares during the period. Finally, Leuthold Group LLC acquired a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the second quarter valued at $445,000. 89.30% of the stock is currently owned by institutional investors.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

Shares of LQD stock opened at $108.71 on Thursday. iShares iBoxx $ Investment Grade Corporate Bond ETF has a one year low of $103.45 and a one year high of $112.93. The stock has a fifty day moving average price of $110.61 and a 200 day moving average price of $110.98. The stock has a market cap of $28.04 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.