Traders purchased shares of iShares IBoxx $ Invest Grade Corp Bd Fd (NYSEARCA:LQD) on weakness during trading on Wednesday. $311.03 million flowed into the stock on the tick-up and $285.80 million flowed out of the stock on the tick-down, for a money net flow of $25.23 million into the stock. Of all companies tracked, iShares IBoxx $ Invest Grade Corp Bd Fd had the 13th highest net in-flow for the day. iShares IBoxx $ Invest Grade Corp Bd Fd traded down ($0.33) for the day and closed at $120.61

The stock has a market capitalization of $38,160.00 and a PE ratio of 15.65.

The business also recently declared a monthly dividend, which was paid on Thursday, December 28th. Shareholders of record on Friday, December 22nd were given a $0.2541 dividend. The ex-dividend date was Thursday, December 21st. This represents a $3.05 dividend on an annualized basis and a dividend yield of 2.54%. iShares IBoxx $ Invest Grade Corp Bd Fd’s dividend payout ratio is currently 49.22%.

Large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its position in shares of iShares IBoxx $ Invest Grade Corp Bd Fd by 3.5% in the third quarter. Bank of New York Mellon Corp now owns 79,926 shares of the exchange traded fund’s stock worth $9,689,000 after buying an additional 2,700 shares during the last quarter. Wealthfront Inc. lifted its position in shares of iShares IBoxx $ Invest Grade Corp Bd Fd by 12.5% in the third quarter. Wealthfront Inc. now owns 1,545,198 shares of the exchange traded fund’s stock worth $187,324,000 after buying an additional 171,814 shares during the last quarter. New York Life Investment Management LLC lifted its position in shares of iShares IBoxx $ Invest Grade Corp Bd Fd by 98.6% in the third quarter. New York Life Investment Management LLC now owns 503,915 shares of the exchange traded fund’s stock worth $61,090,000 after buying an additional 250,215 shares during the last quarter. Beacon Investment Advisory Services Inc. acquired a new stake in shares of iShares IBoxx $ Invest Grade Corp Bd Fd in the third quarter worth about $4,427,000. Finally, Cambria Investment Management L.P. lifted its position in shares of iShares IBoxx $ Invest Grade Corp Bd Fd by 13.6% in the second quarter. Cambria Investment Management L.P. now owns 9,734 shares of the exchange traded fund’s stock worth $1,173,000 after buying an additional 1,166 shares during the last quarter.

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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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