Belpointe Asset Management LLC purchased a new stake in shares of iShares iBoxx $ Invmt Grade Corp Bd ETF (NYSEARCA:LQD) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 21,313 shares of the exchange traded fund’s stock, valued at approximately $2,584,000. iShares iBoxx $ Invmt Grade Corp Bd ETF makes up about 0.6% of Belpointe Asset Management LLC’s portfolio, making the stock its 27th largest position.

Several other institutional investors also recently bought and sold shares of LQD. Novare Capital Management LLC bought a new position in iShares iBoxx $ Invmt Grade Corp Bd ETF in the third quarter worth approximately $108,000. Patriot Financial Group Insurance Agency LLC raised its stake in iShares iBoxx $ Invmt Grade Corp Bd ETF by 81.6% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 937 shares of the exchange traded fund’s stock worth $112,000 after buying an additional 421 shares in the last quarter. Westwood Holdings Group Inc. bought a new position in iShares iBoxx $ Invmt Grade Corp Bd ETF in the second quarter worth approximately $129,000. Captrust Financial Advisors bought a new position in iShares iBoxx $ Invmt Grade Corp Bd ETF in the second quarter worth approximately $131,000. Finally, Sandy Spring Bank raised its stake in iShares iBoxx $ Invmt Grade Corp Bd ETF by 49.9% in the second quarter. Sandy Spring Bank now owns 1,352 shares of the exchange traded fund’s stock worth $163,000 after buying an additional 450 shares in the last quarter.

Shares of iShares iBoxx $ Invmt Grade Corp Bd ETF (NYSEARCA:LQD) traded up $0.29 during trading hours on Wednesday, reaching $121.27. 10,153,000 shares of the company were exchanged, compared to its average volume of 5,114,729. iShares iBoxx $ Invmt Grade Corp Bd ETF has a 52 week low of $115.55 and a 52 week high of $121.81.

The firm also recently disclosed a monthly dividend, which was paid on Thursday, December 7th. Investors of record on Monday, December 4th were paid a $0.3223 dividend. This is an increase from iShares iBoxx $ Invmt Grade Corp Bd ETF’s previous monthly dividend of $0.32. The ex-dividend date was Friday, December 1st. This represents a $3.87 dividend on an annualized basis and a yield of 3.19%. iShares iBoxx $ Invmt Grade Corp Bd ETF’s payout ratio is 50.13%.

COPYRIGHT VIOLATION WARNING: This piece of content was first reported by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this piece of content can be viewed at https://www.watchlistnews.com/belpointe-asset-management-llc-invests-2-58-million-in-ishares-iboxx-invmt-grade-corp-bd-etf-lqd/1761961.html.

About iShares iBoxx $ Invmt Grade Corp Bd 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.

Institutional Ownership by Quarter for iShares iBoxx $ Invmt Grade Corp Bd ETF (NYSEARCA:LQD)

Receive News & Ratings for iShares iBoxx $ Invmt Grade Corp Bd ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares iBoxx $ Invmt Grade Corp Bd ETF and related companies with MarketBeat.com's FREE daily email newsletter.