USA Financial Formulas Purchases 114,050 Shares of iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD

USA Financial Formulas purchased a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 114,050 shares of the exchange traded fund’s stock, valued at approximately $11,654,000. iShares iBoxx $ Investment Grade Corporate Bond ETF comprises about 2.3% of USA Financial Formulas’ investment portfolio, making the stock its 4th biggest position.

A number of other large investors have also recently bought and sold shares of the business. Farther Finance Advisors LLC boosted its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 21.6% during the third quarter. Farther Finance Advisors LLC now owns 1,110,491 shares of the exchange traded fund’s stock worth $113,470,000 after buying an additional 197,445 shares during the period. Greenleaf Trust purchased a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 2nd quarter valued at approximately $96,795,000. Oarsman Capital Inc. purchased a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 2nd quarter valued at approximately $95,734,000. Hilltop Holdings Inc. increased its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 15.7% in the first quarter. Hilltop Holdings Inc. now owns 257,303 shares of the exchange traded fund’s stock valued at $28,043,000 after purchasing an additional 34,847 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 6,160.6% in the first quarter. SG Americas Securities LLC now owns 241,595 shares of the exchange traded fund’s stock valued at $26,331,000 after purchasing an additional 237,736 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

iShares iBoxx $ Investment Grade Corporate Bond ETF stock opened at $103.40 on Friday. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 12 month low of $101.19 and a 12 month high of $112.93. The business has a 50 day simple moving average of $104.53 and a 200-day simple moving average of $107.05. The stock has a market capitalization of $29.36 billion, a PE ratio of 32.25 and a beta of 0.45.

About iShares iBoxx $ Investment Grade Corporate Bond ETF

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.