von Borstel & Associates Inc. acquired a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 132,026 shares of the exchange traded fund’s stock, valued at approximately $14,624,000. iShares iBoxx $ Investment Grade Corporate Bond ETF comprises about 2.2% of von Borstel & Associates Inc.’s investment portfolio, making the stock its 11th biggest position.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 82.9% in the second quarter. JPMorgan Chase & Co. now owns 1,852,569 shares of the exchange traded fund’s stock valued at $203,060,000 after purchasing an additional 839,768 shares during the last quarter. BNP Paribas raised its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 420.8% during the 2nd quarter. BNP Paribas now owns 1,196,854 shares of the exchange traded fund’s stock worth $131,187,000 after purchasing an additional 967,036 shares during the last quarter. SG Americas Securities LLC lifted its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 39,975.2% in the 2nd quarter. SG Americas Securities LLC now owns 859,213 shares of the exchange traded fund’s stock valued at $94,178,000 after buying an additional 857,069 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 52.9% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 678,805 shares of the exchange traded fund’s stock valued at $75,666,000 after buying an additional 234,900 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 1,111.0% during the third quarter. Farther Finance Advisors LLC now owns 306,112 shares of the exchange traded fund’s stock worth $34,122,000 after buying an additional 280,834 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 Stock Down 0.4%
NYSEARCA LQD opened at $108.17 on Friday. iShares iBoxx $ Investment Grade Corporate Bond ETF has a fifty-two week low of $103.45 and a fifty-two week high of $112.93. The stock has a market cap of $27.90 billion, a price-to-earnings ratio of 32.25 and a beta of 0.46. The business has a fifty day moving average of $110.71 and a 200-day moving average of $110.99.
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.
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