Exchange Capital Management Inc. Has $1.13 Million Stake in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD)

Exchange Capital Management Inc. reduced its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 8.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,561 shares of the exchange traded fund’s stock after selling 1,015 shares during the quarter. Exchange Capital Management Inc.’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $1,131,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Thompson Investment Management Inc. boosted its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 95.7% during the 1st quarter. Thompson Investment Management Inc. now owns 225 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 110 shares during the period. ORG Partners LLC acquired a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the second quarter valued at $28,000. Trust Co. of Vermont bought a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the fourth quarter valued at about $50,000. Future Financial Wealth Managment LLC bought a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the first quarter valued at about $53,000. Finally, AlphaMark Advisors LLC lifted its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 74.7% during the 2nd quarter. AlphaMark Advisors LLC now owns 718 shares of the exchange traded fund’s stock worth $77,000 after buying an additional 307 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 traded down $0.51 during trading hours on Thursday, reaching $111.48. 8,520,483 shares of the stock were exchanged, compared to its average volume of 27,357,303. The stock’s fifty day simple moving average is $108.89 and its 200 day simple moving average is $107.79. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 52 week low of $98.24 and a 52 week high of $112.28.

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.