iA Global Asset Management Inc. Decreases Stake in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD)

iA Global Asset Management Inc. lessened its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 8.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 517,200 shares of the exchange traded fund’s stock after selling 50,000 shares during the quarter. iA Global Asset Management Inc. owned 0.17% of iShares iBoxx $ Investment Grade Corporate Bond ETF worth $55,402,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Triumph Capital Management purchased a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter worth $201,000. First Horizon Advisors Inc. raised its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 33.9% in the 4th quarter. First Horizon Advisors Inc. now owns 11,737 shares of the exchange traded fund’s stock valued at $1,299,000 after purchasing an additional 2,969 shares during the last quarter. Cullen Frost Bankers Inc. lifted its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 232.7% in the 4th quarter. Cullen Frost Bankers Inc. now owns 8,710 shares of the exchange traded fund’s stock valued at $964,000 after purchasing an additional 6,092 shares in the last quarter. Mount Lucas Management LP acquired a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 4th quarter worth about $541,000. Finally, One Capital Management LLC grew its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 62.4% during the fourth quarter. One Capital Management LLC now owns 80,490 shares of the exchange traded fund’s stock worth $8,907,000 after buying an additional 30,933 shares in 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 LQD stock traded down $0.31 during mid-day trading on Friday, hitting $111.21. 24,762,509 shares of the company’s stock were exchanged, compared to its average volume of 27,153,725. iShares iBoxx $ Investment Grade Corporate Bond ETF has a fifty-two week low of $98.24 and a fifty-two week high of $112.40. The stock has a 50-day simple moving average of $109.31 and a two-hundred day simple moving average of $107.93.

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.