Payden & Rygel Invests $51.17 Million in iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD

Payden & Rygel acquired a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 464,396 shares of the exchange traded fund’s stock, valued at approximately $51,172,000. iShares iBoxx $ Investment Grade Corporate Bond ETF makes up 3.5% of Payden & Rygel’s portfolio, making the stock its 5th largest holding.

Several other large investors also recently made changes to their positions in LQD. First Horizon Corp acquired a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the third quarter worth $26,000. EQ Wealth Advisors LLC acquired a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the fourth quarter worth $41,000. Ares Financial Consulting LLC acquired a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the fourth quarter worth $51,000. Imprint Wealth LLC acquired a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the third quarter worth $93,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the fourth quarter worth $109,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

LQD stock opened at $107.66 on Tuesday. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 1 year low of $105.39 and a 1 year high of $112.93. The firm has a market cap of $30.51 billion, a P/E ratio of 32.25 and a beta of 0.44. The stock has a 50-day simple moving average of $109.04 and a 200-day simple moving average of $110.20.

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.