iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD Shares Purchased by Turn8 Private Wealth Inc.

Turn8 Private Wealth Inc. increased its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 39.8% during the first quarter, Holdings Channel reports. The institutional investor owned 58,063 shares of the exchange traded fund’s stock after acquiring an additional 16,531 shares during the period. iShares iBoxx $ Investment Grade Corporate Bond ETF comprises about 4.0% of Turn8 Private Wealth Inc.’s portfolio, making the stock its 5th biggest position. Turn8 Private Wealth Inc.’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $6,328,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Payden & Rygel acquired a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 4th quarter worth approximately $51,172,000. Yorktown Management & Research Co Inc purchased a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF in the 4th quarter valued at approximately $882,000. Farther Finance Advisors LLC raised its holdings 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. Ameriflex Group Inc. boosted its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 1,438.5% during the third quarter. Ameriflex Group Inc. now owns 6,477 shares of the exchange traded fund’s stock worth $722,000 after purchasing an additional 6,056 shares in the last quarter. Finally, Worth Asset Management LLC grew its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 16.2% in the fourth quarter. Worth Asset Management LLC now owns 45,333 shares of the exchange traded fund’s stock valued at $4,995,000 after purchasing an additional 6,332 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

Shares of LQD stock opened at $108.64 on Friday. The stock has a market cap of $32.62 billion, a P/E ratio of 32.25 and a beta of 0.43. iShares iBoxx $ Investment Grade Corporate Bond ETF has a fifty-two week low of $106.93 and a fifty-two week high of $112.93. The business has a fifty day simple moving average of $108.79 and a 200-day simple moving average of $109.69.

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.