von Borstel & Associates Inc. Makes New Investment in iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD

von Borstel & Associates Inc. purchased a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) in the third quarter, HoldingsChannel reports. The fund purchased 132,026 shares of the exchange traded fund’s stock, valued at approximately $14,624,000. iShares iBoxx $ Investment Grade Corporate Bond ETF makes up approximately 2.2% of von Borstel & Associates Inc.’s holdings, making the stock its 11th biggest position.

Other institutional investors have also modified their holdings of the company. United Financial Planning Group LLC purchased a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the third quarter valued at approximately $214,000. Brown Brothers Harriman & Co. grew its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 6.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 8,665 shares of the exchange traded fund’s stock worth $966,000 after acquiring an additional 550 shares during the period. Rathbones Group PLC raised its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 19.5% in the 3rd quarter. Rathbones Group PLC now owns 11,447 shares of the exchange traded fund’s stock valued at $1,276,000 after acquiring an additional 1,864 shares during the last quarter. Ameriflex Group Inc. lifted its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 1,438.5% during the 3rd quarter. Ameriflex Group Inc. now owns 6,477 shares of the exchange traded fund’s stock worth $722,000 after purchasing an additional 6,056 shares during the period. Finally, RPg Family Wealth Advisory LLC purchased a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 3rd quarter worth $334,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Down 0.4%

LQD stock opened at $108.17 on Friday. The stock has a market capitalization of $27.90 billion, a price-to-earnings ratio of 32.25 and a beta of 0.46. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 52-week low of $103.45 and a 52-week high of $112.93. The stock’s fifty day simple moving average is $110.71 and its 200-day simple moving average is $110.99.

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.