Ramsey Quantitative Systems Invests $661,000 in iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD

Ramsey Quantitative Systems purchased a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 6,000 shares of the exchange traded fund’s stock, valued at approximately $661,000. iShares iBoxx $ Investment Grade Corporate Bond ETF makes up about 0.6% of Ramsey Quantitative Systems’ investment portfolio, making the stock its 7th biggest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LQD. Olistico Wealth LLC acquired a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter worth about $116,000. Burns J W & Co. Inc. NY grew its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 4.2% in the 4th quarter. Burns J W & Co. Inc. NY now owns 41,141 shares of the exchange traded fund’s stock worth $4,533,000 after acquiring an additional 1,651 shares during the period. Heartwood Wealth Advisors LLC increased its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 2.4% in the 4th quarter. Heartwood Wealth Advisors LLC now owns 80,570 shares of the exchange traded fund’s stock valued at $8,878,000 after purchasing an additional 1,910 shares in the last quarter. Montecito Bank & Trust raised its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 5.0% during the fourth quarter. Montecito Bank & Trust now owns 11,368 shares of the exchange traded fund’s stock worth $1,253,000 after purchasing an additional 545 shares during the last quarter. Finally, Tudor Investment Corp ET AL raised its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 60.1% during the third quarter. Tudor Investment Corp ET AL now owns 193,062 shares of the exchange traded fund’s stock worth $21,521,000 after purchasing an additional 72,500 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

LQD opened at $107.88 on Friday. The company has a market cap of $27.82 billion, a price-to-earnings ratio of 32.25 and a beta of 0.46. iShares iBoxx $ Investment Grade Corporate Bond ETF has a one year low of $103.45 and a one year high of $112.93. The business’s fifty day moving average is $110.34 and its two-hundred day moving average is $110.90.

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.