464,396 Shares in iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD Acquired by Payden & Rygel

Payden & Rygel purchased a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 464,396 shares of the exchange traded fund’s stock, valued at approximately $51,172,000. iShares iBoxx $ Investment Grade Corporate Bond ETF comprises 3.5% of Payden & Rygel’s investment portfolio, making the stock its 5th largest holding. Payden & Rygel owned 0.18% of iShares iBoxx $ Investment Grade Corporate Bond ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of LQD. Penn Mutual Asset Management acquired a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter worth approximately $142,182,000. BNP Paribas increased its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 72.5% during the third quarter. BNP Paribas now owns 2,064,255 shares of the exchange traded fund’s stock worth $230,103,000 after purchasing an additional 867,401 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 52.9% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 678,805 shares of the exchange traded fund’s stock worth $75,666,000 after purchasing an additional 234,900 shares during the last quarter. American Family Investments Inc. acquired a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the second quarter worth approximately $25,210,000. Finally, Farther Finance Advisors LLC increased its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 54.5% during 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. Institutional investors and hedge funds own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

Shares of NYSEARCA:LQD opened at $107.66 on Tuesday. The firm has a market capitalization of $30.51 billion, a PE ratio of 32.25 and a beta of 0.44. The business has a 50-day moving average of $109.04 and a two-hundred day moving average of $110.20. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 12 month low of $105.39 and a 12 month 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.