Burns J W & Co. Inc. NY Raises Position in iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD

Burns J W & Co. Inc. NY raised its position in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 11.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,013 shares of the exchange traded fund’s stock after acquiring an additional 4,872 shares during the quarter. Burns J W & Co. Inc. NY’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $5,015,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in LQD. JPMorgan Chase & Co. increased its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 430.0% during the 4th quarter. JPMorgan Chase & Co. now owns 3,932,215 shares of the exchange traded fund’s stock worth $433,291,000 after buying an additional 3,190,347 shares during the period. Penn Mutual Asset Management acquired a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 4th quarter valued at approximately $142,182,000. BNP Paribas boosted its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 72.5% during the 3rd quarter. BNP Paribas now owns 2,064,255 shares of the exchange traded fund’s stock valued at $230,103,000 after buying an additional 867,401 shares during the last quarter. Payden & Rygel purchased a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 4th quarter valued at approximately $51,172,000. Finally, SG Americas Securities LLC grew its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 6,160.6% during the first quarter. SG Americas Securities LLC now owns 241,595 shares of the exchange traded fund’s stock worth $26,331,000 after buying an additional 237,736 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

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

Shares of NYSEARCA:LQD opened at $108.91 on Wednesday. The firm has a market cap of $30.87 billion, a PE ratio of 32.25 and a beta of 0.44. The company has a fifty day simple moving average of $108.90 and a 200 day simple moving average of $109.77. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 12-month low of $106.93 and a 12-month 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.