iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) Hits New 1-Year Low – Here’s Why

Shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $105.94 and last traded at $105.95, with a volume of 21633391 shares. The stock had previously closed at $106.55.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Up 0.3%

The stock has a fifty day simple moving average of $107.80 and a 200 day simple moving average of $109.00. The firm has a market capitalization of $32.90 billion, a P/E ratio of 32.25 and a beta of 0.44.

Institutional Trading of iShares iBoxx $ Investment Grade Corporate Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in LQD. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 4th quarter valued at approximately $32,000. Jessup Wealth Management Inc purchased a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the fourth quarter worth $33,000. Comprehensive Financial Planning Inc. PA lifted its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 175.4% in the fourth quarter. Comprehensive Financial Planning Inc. PA now owns 336 shares of the exchange traded fund’s stock worth $37,000 after buying an additional 214 shares in the last quarter. EQ Wealth Advisors LLC purchased a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the fourth quarter worth $41,000. Finally, Park National Corp OH bought a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the first quarter worth $43,000. Institutional investors own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Company 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. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, and oil and gas companies.