iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD Shares Purchased by Rathbones Group PLC

Rathbones Group PLC boosted its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 64.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 18,626 shares of the exchange traded fund’s stock after purchasing an additional 7,304 shares during the quarter. Rathbones Group PLC’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $2,030,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 4th quarter worth about $32,000. Jessup Wealth Management Inc purchased a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 4th quarter valued at about $33,000. Comprehensive Financial Planning Inc. PA increased its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 175.4% in the 4th quarter. Comprehensive Financial Planning Inc. PA now owns 336 shares of the exchange traded fund’s stock valued at $37,000 after acquiring an additional 214 shares during the last quarter. EQ Wealth Advisors LLC acquired a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 4th quarter worth about $41,000. Finally, Park National Corp OH acquired a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 1st quarter worth about $43,000. 89.30% of the stock is owned by hedge funds and other institutional investors.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Up 0.6%

LQD stock opened at $106.76 on Wednesday. The business has a 50 day moving average price of $108.08 and a 200 day moving average price of $109.14. The stock has a market cap of $33.03 billion, a price-to-earnings ratio of 32.25 and a beta of 0.44. iShares iBoxx $ Investment Grade Corporate Bond ETF has a fifty-two week low of $105.96 and a fifty-two week high of $112.93.

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.