Fisher Asset Management LLC Lowers Stock Position in iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD

Fisher Asset Management LLC lessened its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 12.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,954,244 shares of the exchange traded fund’s stock after selling 271,603 shares during the period. Fisher Asset Management LLC owned about 0.76% of iShares iBoxx $ Investment Grade Corporate Bond ETF worth $215,338,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of LQD. NewEdge Advisors LLC lifted its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 50.5% in the 2nd quarter. NewEdge Advisors LLC now owns 52,109 shares of the exchange traded fund’s stock worth $5,712,000 after purchasing an additional 17,493 shares during the period. American Family Investments Inc. purchased a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 2nd quarter worth approximately $25,210,000. Arkadios Wealth Advisors lifted its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 30.6% in the 3rd quarter. Arkadios Wealth Advisors now owns 5,721 shares of the exchange traded fund’s stock worth $638,000 after purchasing an additional 1,340 shares during the period. Copia Wealth Management lifted its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 12.7% in the 3rd quarter. Copia Wealth Management now owns 15,649 shares of the exchange traded fund’s stock worth $1,744,000 after purchasing an additional 1,762 shares during the period. Finally, Belpointe Asset Management LLC lifted its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 66.9% in the 3rd quarter. Belpointe Asset Management LLC now owns 7,290 shares of the exchange traded fund’s stock worth $813,000 after purchasing an additional 2,921 shares during the period. Hedge funds and other institutional investors own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

NYSEARCA:LQD opened at $108.37 on Tuesday. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 52 week low of $106.09 and a 52 week high of $112.93. The firm has a 50 day moving average of $108.86 and a 200 day moving average of $110.09. The stock has a market capitalization of $30.71 billion, a price-to-earnings ratio of 32.25 and a beta of 0.44.

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.