USA Financial Formulas Lowers Stock Holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD

USA Financial Formulas lessened its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 45.1% in the first quarter, HoldingsChannel reports. The fund owned 128,238 shares of the exchange traded fund’s stock after selling 105,222 shares during the period. iShares iBoxx $ Investment Grade Corporate Bond ETF accounts for approximately 2.6% of USA Financial Formulas’ investment portfolio, making the stock its 7th largest holding. USA Financial Formulas’ holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $13,977,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in LQD. 10Elms LLP boosted its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 1.9% in the 4th quarter. 10Elms LLP now owns 6,306 shares of the exchange traded fund’s stock valued at $695,000 after purchasing an additional 120 shares during the period. Cary Street Partners Financial LLC increased its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 0.5% during the 4th quarter. Cary Street Partners Financial LLC now owns 32,635 shares of the exchange traded fund’s stock worth $3,596,000 after buying an additional 158 shares during the period. Whittier Trust Co. increased its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 14.2% during the 4th quarter. Whittier Trust Co. now owns 1,283 shares of the exchange traded fund’s stock worth $142,000 after buying an additional 160 shares during the period. Sandhill Capital Partners LLC lifted its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 8.4% during the fourth quarter. Sandhill Capital Partners LLC now owns 2,621 shares of the exchange traded fund’s stock worth $289,000 after buying an additional 204 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 14.0% during the fourth quarter. Covestor Ltd now owns 1,714 shares of the exchange traded fund’s stock worth $189,000 after buying an additional 210 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

Shares of iShares iBoxx $ Investment Grade Corporate Bond ETF stock opened at $106.12 on Friday. The firm has a 50-day moving average of $107.66 and a 200-day moving average of $108.91. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 52-week low of $105.93 and a 52-week high of $112.93. The stock has a market cap of $32.83 billion, a PE ratio of 32.25 and a beta of 0.44.

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. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, and oil and gas companies.