Institute for Wealth Management LLC. acquired a new stake in iShares IBoxx $ Invest Grade Corp Bd Fd (NYSE:LQD) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,935 shares of the exchange traded fund’s stock, valued at approximately $353,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board purchased a new stake in shares of iShares IBoxx $ Invest Grade Corp Bd Fd during the second quarter worth about $646,392,000. Teachers Insurance & Annuity Association of America purchased a new position in iShares IBoxx $ Invest Grade Corp Bd Fd in the 2nd quarter worth approximately $543,867,000. Dai Ichi Life Insurance Company Ltd lifted its holdings in iShares IBoxx $ Invest Grade Corp Bd Fd by 930.0% in the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 4,355,800 shares of the exchange traded fund’s stock worth $524,917,000 after purchasing an additional 3,932,920 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in iShares IBoxx $ Invest Grade Corp Bd Fd by 1,465.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,973,209 shares of the exchange traded fund’s stock worth $478,811,000 after purchasing an additional 3,719,431 shares during the period. Finally, Sumitomo Mitsui Financial Group Inc. bought a new position in iShares IBoxx $ Invest Grade Corp Bd Fd in the 2nd quarter worth approximately $171,379,000.

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iShares IBoxx $ Invest Grade Corp Bd Fd (NYSE:LQD) traded down 0.14% on Monday, reaching $121.06. The company’s stock had a trading volume of 1,054,668 shares. iShares IBoxx $ Invest Grade Corp Bd Fd has a 12-month low of $115.55 and a 12-month high of $123.45. The firm has a 50-day moving average of $120.90 and a 200 day moving average of $119.67.

The company also recently announced a monthly dividend, which was paid on Friday, September 8th. Stockholders of record on Wednesday, September 6th were paid a dividend of $0.3202 per share. This is a positive change from iShares IBoxx $ Invest Grade Corp Bd Fd’s previous monthly dividend of $0.32. This represents a $3.84 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend was Friday, September 1st.

About iShares IBoxx $ Invest Grade Corp Bd Fd

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.

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Institutional Ownership by Quarter for iShares IBoxx $ Invest Grade Corp Bd Fd (NYSE:LQD)

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