JPMorgan Chase & Co. Buys 3,190,347 Shares of iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD

JPMorgan Chase & Co. boosted its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 430.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,932,215 shares of the exchange traded fund’s stock after buying an additional 3,190,347 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.52% of iShares iBoxx $ Investment Grade Corporate Bond ETF worth $433,291,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LQD. Penn Mutual Asset Management bought a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 4th quarter valued at about $142,182,000. BNP Paribas lifted its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 72.5% during the 3rd quarter. BNP Paribas now owns 2,064,255 shares of the exchange traded fund’s stock valued at $230,103,000 after buying an additional 867,401 shares in the last quarter. Payden & Rygel bought a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 4th quarter valued at about $51,172,000. American Family Investments Inc. bought a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 2nd quarter valued at about $25,210,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 54.5% in the 4th quarter. Farther Finance Advisors LLC now owns 472,813 shares of the exchange traded fund’s stock valued at $52,099,000 after purchasing an additional 166,701 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

NYSEARCA:LQD opened at $108.16 on Thursday. iShares iBoxx $ Investment Grade Corporate Bond ETF has a one year low of $106.93 and a one year high of $112.93. The firm has a market cap of $30.65 billion, a P/E ratio of 32.25 and a beta of 0.44. The firm has a 50-day simple moving average of $108.93 and a 200-day simple moving average of $109.92.

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. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, and oil and gas companies.