iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. cut its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 1.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,194 shares of the exchange traded fund’s stock after selling 288 shares during the period. Bessemer Group Inc.’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $1,775,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. boosted its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 3.8% during the second quarter. Cullen Frost Bankers Inc. now owns 2,496 shares of the exchange traded fund’s stock valued at $274,000 after buying an additional 92 shares in the last quarter. Strategic Blueprint LLC boosted its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 2.1% during the 1st quarter. Strategic Blueprint LLC now owns 8,238 shares of the exchange traded fund’s stock valued at $895,000 after purchasing an additional 170 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 4.0% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,177 shares of the exchange traded fund’s stock worth $677,000 after purchasing an additional 238 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 2nd quarter worth approximately $27,000. Finally, Bogart Wealth LLC raised its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 102.8% in the 1st quarter. Bogart Wealth LLC now owns 503 shares of the exchange traded fund’s stock worth $55,000 after purchasing an additional 255 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

Shares of NYSEARCA:LQD opened at $111.68 on Friday. The stock has a market capitalization of $32.49 billion, a price-to-earnings ratio of 32.25 and a beta of 0.46. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 1-year low of $103.45 and a 1-year high of $112.93. The company has a 50 day moving average price of $111.47 and a 200 day moving average price of $109.22.

iShares iBoxx $ Investment Grade Corporate Bond ETF 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.