iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD Shares Sold by USA Financial Formulas

USA Financial Formulas cut its position in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 45.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,238 shares of the exchange traded fund’s stock after selling 105,222 shares during the quarter. iShares iBoxx $ Investment Grade Corporate Bond ETF comprises approximately 2.6% of USA Financial Formulas’ holdings, making the stock its 7th biggest position. USA Financial Formulas’ holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $13,977,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in LQD. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF in the fourth quarter valued at $32,000. Jessup Wealth Management Inc acquired a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 4th quarter worth about $33,000. Comprehensive Financial Planning Inc. PA raised 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 purchasing an additional 214 shares during the period. EQ Wealth Advisors LLC bought a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 4th quarter valued at about $41,000. Finally, Park National Corp OH acquired a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF in the 1st quarter valued at about $43,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

iShares iBoxx $ Investment Grade Corporate Bond ETF stock opened at $106.12 on Friday. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 52 week low of $105.93 and a 52 week high of $112.93. The stock has a market capitalization of $32.83 billion, a P/E ratio of 32.25 and a beta of 0.44. The stock has a 50-day simple moving average of $107.66 and a 200 day simple moving average of $108.91.

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.