iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) Hits New 1-Year Low – Should You Sell?

Shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) hit a new 52-week low during trading on Tuesday . The stock traded as low as $105.36 and last traded at $105.42, with a volume of 15643352 shares traded. The stock had previously closed at $106.21.

iShares iBoxx $ Investment Grade Corporate Bond ETF Trading Down 0.9%

The company has a market cap of $32.56 billion, a price-to-earnings ratio of 32.25 and a beta of 0.44. The stock’s 50-day moving average is $107.12 and its 200-day moving average is $108.57.

Hedge Funds Weigh In On iShares iBoxx $ Investment Grade Corporate Bond ETF

Several institutional investors have recently made changes to their positions in LQD. 10Elms LLP grew its stake in shares of 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 buying 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% in the 4th quarter. Cary Street Partners Financial LLC now owns 32,635 shares of the exchange traded fund’s stock valued at $3,596,000 after buying an additional 158 shares in the last quarter. Sandhill Capital Partners LLC raised its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 8.4% during the 4th 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 during the period. Covestor Ltd raised its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 14.0% during the 4th quarter. Covestor Ltd now owns 1,714 shares of the exchange traded fund’s stock worth $189,000 after buying an additional 210 shares during the period. Finally, Comprehensive Financial Planning Inc. PA boosted its holdings in 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 acquiring an additional 214 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 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.