Investors purchased shares of iShares IBoxx $ Invest Grade Corp Bd Fd (NYSEARCA:LQD) on weakness during trading hours on Tuesday. $221.32 million flowed into the stock on the tick-up and $162.91 million flowed out of the stock on the tick-down, for a money net flow of $58.41 million into the stock. Of all companies tracked, iShares IBoxx $ Invest Grade Corp Bd Fd had the 26th highest net in-flow for the day. iShares IBoxx $ Invest Grade Corp Bd Fd traded down ($0.62) for the day and closed at $120.81

The company also recently disclosed a monthly dividend, which was paid on Thursday, December 7th. Investors of record on Monday, December 4th were issued a $0.3223 dividend. The ex-dividend date of this dividend was Friday, December 1st. This represents a $3.87 dividend on an annualized basis and a dividend yield of 3.20%. This is a positive change from iShares IBoxx $ Invest Grade Corp Bd Fd’s previous monthly dividend of $0.32. iShares IBoxx $ Invest Grade Corp Bd Fd’s dividend payout ratio is currently 50.13%.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Chicago Partners Investment Group LLC grew its holdings in shares of iShares IBoxx $ Invest Grade Corp Bd Fd by 208.9% in the third quarter. Chicago Partners Investment Group LLC now owns 1,915 shares of the exchange traded fund’s stock valued at $232,000 after purchasing an additional 1,295 shares during the period. Steward Partners Investment Advisory LLC purchased a new position in iShares IBoxx $ Invest Grade Corp Bd Fd during the third quarter worth about $768,000. Wealthsource Partners LLC boosted its stake in iShares IBoxx $ Invest Grade Corp Bd Fd by 4.0% during the third quarter. Wealthsource Partners LLC now owns 82,043 shares of the exchange traded fund’s stock worth $9,946,000 after buying an additional 3,143 shares during the period. Betterment LLC boosted its stake in iShares IBoxx $ Invest Grade Corp Bd Fd by 16.4% during the third quarter. Betterment LLC now owns 1,771,583 shares of the exchange traded fund’s stock worth $214,769,000 after buying an additional 249,230 shares during the period. Finally, Belpointe Asset Management LLC purchased a new position in iShares IBoxx $ Invest Grade Corp Bd Fd during the third quarter worth about $2,584,000.

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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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