iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) Hits New 12-Month Low – Here’s What Happened

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) hit a new 52-week low during trading on Tuesday. The company traded as low as $102.18 and last traded at $102.47, with a volume of 44666797 shares changing hands. The stock had previously closed at $103.21.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Down 0.2%

The stock has a market capitalization of $26.98 billion, a price-to-earnings ratio of 32.25 and a beta of 0.44. The business’s 50-day moving average is $105.48 and its two-hundred day moving average is $107.55.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LQD. JPMorgan Chase & Co. increased its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 430.0% in the fourth quarter. JPMorgan Chase & Co. now owns 3,932,215 shares of the exchange traded fund’s stock valued at $433,291,000 after purchasing an additional 3,190,347 shares during the last quarter. Greenleaf Trust acquired a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the second quarter worth $96,795,000. Oarsman Capital Inc. acquired a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the second quarter worth $95,734,000. Hilltop Holdings Inc. grew its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 15.7% in the 1st quarter. Hilltop Holdings Inc. now owns 257,303 shares of the exchange traded fund’s stock valued at $28,043,000 after buying an additional 34,847 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 6,160.6% in the 1st 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 in the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

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.