Bank of New York Mellon Corp Sells 1,033,318 Shares of iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD

Bank of New York Mellon Corp trimmed its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 80.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 257,560 shares of the exchange traded fund’s stock after selling 1,033,318 shares during the quarter. Bank of New York Mellon Corp’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $28,231,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LQD. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 4.0% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,177 shares of the exchange traded fund’s stock valued at $677,000 after acquiring an additional 238 shares during the last quarter. Keystone Global Partners LLC increased its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 28.2% in the second quarter. Keystone Global Partners LLC now owns 65,469 shares of the exchange traded fund’s stock valued at $7,176,000 after purchasing an additional 14,391 shares during the period. Fifth Third Securities Inc. raised its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 5.6% during the 2nd quarter. Fifth Third Securities Inc. now owns 48,678 shares of the exchange traded fund’s stock worth $5,336,000 after purchasing an additional 2,579 shares during the last quarter. J.Safra Asset Management Corp lifted its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 2.0% during the 2nd quarter. J.Safra Asset Management Corp now owns 23,330 shares of the exchange traded fund’s stock worth $2,543,000 after buying an additional 461 shares during the period. Finally, Cullen Frost Bankers Inc. lifted its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 3.8% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,496 shares of the exchange traded fund’s stock worth $274,000 after buying an additional 92 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 0.3%

NYSEARCA LQD opened at $110.25 on Friday. The firm has a market capitalization of $31.87 billion, a PE ratio of 32.25 and a beta of 0.46. The business’s 50-day moving average price is $111.63 and its two-hundred day moving average price is $109.53. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 12 month low of $103.45 and a 12 month high of $112.93.

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.