iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD Stake Raised by Providence First Trust Co

Providence First Trust Co boosted its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 8.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 136,127 shares of the exchange traded fund’s stock after acquiring an additional 10,788 shares during the period. iShares iBoxx $ Investment Grade Corporate Bond ETF comprises approximately 5.2% of Providence First Trust Co’s investment portfolio, making the stock its 4th biggest holding. Providence First Trust Co’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $15,000,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in LQD. BNP Paribas raised its holdings 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 worth $230,103,000 after acquiring an additional 867,401 shares in the last quarter. Penn Mutual Asset Management purchased a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the fourth quarter valued at $142,182,000. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 52.9% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 678,805 shares of the exchange traded fund’s stock valued at $75,666,000 after purchasing an additional 234,900 shares in the last quarter. Farther Finance Advisors LLC increased its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 54.5% in the fourth quarter. Farther Finance Advisors LLC now owns 472,813 shares of the exchange traded fund’s stock worth $52,099,000 after purchasing an additional 166,701 shares during the last quarter. Finally, Cheviot Value Management LLC increased its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 14.1% in the third quarter. Cheviot Value Management LLC now owns 294,643 shares of the exchange traded fund’s stock worth $33,271,000 after purchasing an additional 36,323 shares during the last quarter. Institutional investors own 89.30% of the company’s stock.

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

LQD stock opened at $108.65 on Wednesday. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 52 week low of $105.39 and a 52 week high of $112.93. The company has a fifty day simple moving average of $109.53 and a two-hundred day simple moving average of $110.46. The firm has a market capitalization of $30.79 billion, a P/E ratio of 32.25 and a beta of 0.44.

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.