JPMorgan Chase & Co. Has $82.70 Million Stake in iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD

JPMorgan Chase & Co. trimmed its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 60.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 741,868 shares of the exchange traded fund’s stock after selling 1,110,701 shares during the period. JPMorgan Chase & Co. owned 0.26% of iShares iBoxx $ Investment Grade Corporate Bond ETF worth $82,696,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LQD. First Commonwealth Financial Corp PA acquired a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the third quarter valued at approximately $346,000. Captrust Financial Advisors raised its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 1.5% in the third quarter. Captrust Financial Advisors now owns 61,074 shares of the exchange traded fund’s stock valued at $6,808,000 after purchasing an additional 917 shares during the period. NewEdge Advisors LLC lifted its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 140.6% in the third quarter. NewEdge Advisors LLC now owns 125,375 shares of the exchange traded fund’s stock worth $13,976,000 after buying an additional 73,266 shares during the last quarter. Strategic Wealth Partners Ltd. boosted its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 2.9% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 163,091 shares of the exchange traded fund’s stock worth $18,180,000 after buying an additional 4,657 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 8.8% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 29,783 shares of the exchange traded fund’s stock worth $3,320,000 after buying an additional 2,421 shares during the period. 89.30% of the stock is currently owned by institutional investors and hedge funds.

iShares iBoxx $ Investment Grade Corporate Bond ETF Trading Down 0.5%

NYSEARCA:LQD opened at $108.71 on Thursday. The firm has a market capitalization of $28.04 billion, a PE ratio of 32.25 and a beta of 0.46. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 1 year low of $103.45 and a 1 year high of $112.93. The firm’s fifty day simple moving average is $110.61 and its 200 day simple moving average is $110.98.

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.