United Capital Financial Advisers LLC decreased its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD – Get Rating) by 26.7% during the third quarter, HoldingsChannel.com reports. The fund owned 77,253 shares of the exchange traded fund's stock after selling 28,099 shares during the period. United Capital Financial Advisers LLC's holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $7,915,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in LQD. Fisher Asset Management LLC boosted its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 41.3% during the 3rd quarter. Fisher Asset Management LLC now owns 22,050,661 shares of the exchange traded fund's stock valued at $2,259,090,000 after purchasing an additional 6,447,485 shares during the period. NYL Investors LLC boosted its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 81.5% during the 2nd quarter. NYL Investors LLC now owns 4,022,079 shares of the exchange traded fund's stock valued at $442,549,000 after purchasing an additional 1,806,276 shares during the period. Industrial Alliance Investment Management Inc. boosted its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 6,774.2% during the 2nd quarter. Industrial Alliance Investment Management Inc. now owns 426,200 shares of the exchange traded fund's stock valued at $46,895,000 after purchasing an additional 420,000 shares during the period. Payden & Rygel boosted its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 7,680.0% during the 3rd quarter. Payden & Rygel now owns 233,400 shares of the exchange traded fund's stock valued at $23,912,000 after purchasing an additional 230,400 shares during the period. Finally, Pactiv General Employee Benefit Trust bought a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 2nd quarter valued at approximately $22,219,000. Institutional investors and hedge funds own 81.51% of the company's stock.
Get iShares iBoxx $ Investment Grade Corporate Bond ETF alerts:iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance
NYSEARCA:LQD traded down $0.69 during mid-day trading on Wednesday, hitting $105.23. 1,793,954 shares of the company's stock traded hands, compared to its average volume of 19,588,205. The firm has a 50 day moving average of $108.41 and a two-hundred day moving average of $106.80. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 12 month low of $98.41 and a 12 month high of $124.44.
About iShares iBoxx $ Investment Grade Corporate Bond ETF
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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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