iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD Position Cut by Fifth Third Securities Inc.

Fifth Third Securities Inc. cut its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 72.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 48,516 shares of the exchange traded fund’s stock after selling 128,756 shares during the quarter. Fifth Third Securities Inc.’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $4,957,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of LQD. Greenleaf Trust acquired a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the second quarter worth $96,795,000. Farther Finance Advisors LLC lifted its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 21.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,110,491 shares of the exchange traded fund’s stock valued at $113,470,000 after buying an additional 197,445 shares in the last quarter. Oarsman Capital Inc. purchased a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the second quarter worth $95,734,000. Hilltop Holdings Inc. boosted its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 15.7% during the 1st quarter. Hilltop Holdings Inc. now owns 257,303 shares of the exchange traded fund’s stock worth $28,043,000 after purchasing an additional 34,847 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake 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 valued at $26,331,000 after buying an additional 237,736 shares during the period. 89.30% of the stock is currently owned by institutional investors and hedge funds.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

LQD traded up $0.03 during trading on Wednesday, hitting $103.25. The company’s stock had a trading volume of 18,546,459 shares, compared to its average volume of 33,069,406. The firm’s 50 day moving average price is $104.41 and its 200-day moving average price is $106.96. The stock has a market cap of $29.10 billion, a PE ratio of 32.25 and a beta of 0.45. iShares iBoxx $ Investment Grade Corporate Bond ETF has a twelve month low of $101.19 and a twelve month high of $112.93.

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.