iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD Stock Sold by Adirondack Trust Co.

Adirondack Trust Co. trimmed its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 97.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,407 shares of the exchange traded fund’s stock after selling 47,288 shares during the quarter. Adirondack Trust Co.’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $144,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB bought a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the third quarter valued at approximately $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF in the fourth quarter worth $32,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF in the third quarter worth $35,000. Park National Corp OH bought a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF in the first quarter worth $43,000. Finally, Union Savings Bank bought a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF in the fourth quarter worth $63,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Trading Down 0.1%

iShares iBoxx $ Investment Grade Corporate Bond ETF stock traded down $0.10 on Wednesday, hitting $102.45. 18,350,302 shares of the stock traded hands, compared to its average volume of 33,001,879. The firm has a market cap of $29.12 billion, a P/E ratio of 32.25 and a beta of 0.45. The business’s fifty day simple moving average is $104.73 and its 200 day simple moving average is $107.15. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 1 year low of $101.19 and a 1 year high of $112.93.

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.