USA Financial Formulas Sells 172,659 Shares of iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD

USA Financial Formulas lessened its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 49.6% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 175,324 shares of the exchange traded fund’s stock after selling 172,659 shares during the quarter. iShares iBoxx $ Investment Grade Corporate Bond ETF comprises about 3.4% of USA Financial Formulas’ portfolio, making the stock its 7th largest holding. USA Financial Formulas owned approximately 0.06% of iShares iBoxx $ Investment Grade Corporate Bond ETF worth $19,543,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in LQD. Cullen Frost Bankers Inc. grew its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 3.8% in the second quarter. Cullen Frost Bankers Inc. now owns 2,496 shares of the exchange traded fund’s stock valued at $274,000 after acquiring an additional 92 shares in the last quarter. Boyd Watterson Asset Management LLC OH boosted its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 18.4% in the 2nd quarter. Boyd Watterson Asset Management LLC OH now owns 1,143 shares of the exchange traded fund’s stock valued at $125,000 after purchasing an additional 178 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in 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 valued at $677,000 after purchasing an additional 238 shares during the period. Trust Co. of Toledo NA OH bought a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF in the 2nd quarter valued at about $27,000. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 2nd quarter worth approximately $30,000. 89.30% of the stock is currently owned by institutional investors.

iShares iBoxx $ Investment Grade Corporate Bond ETF Trading Down 0.6%

Shares of LQD opened at $110.13 on Friday. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 12 month low of $103.45 and a 12 month high of $112.93. The firm’s 50 day moving average is $111.27 and its 200-day moving average is $110.24. The stock has a market capitalization of $31.84 billion, a PE ratio of 32.25 and a beta of 0.46.

iShares iBoxx $ Investment Grade Corporate Bond ETF Company 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.