Worth Asset Management LLC Makes New $4.35 Million Investment in iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD

Worth Asset Management LLC purchased a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 39,001 shares of the exchange traded fund’s stock, valued at approximately $4,347,000. iShares iBoxx $ Investment Grade Corporate Bond ETF comprises approximately 2.0% of Worth Asset Management LLC’s portfolio, making the stock its 14th biggest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of LQD. Trust Co. of Toledo NA OH acquired a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 2nd quarter worth about $27,000. Atlantic Union Bankshares Corp bought a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the second quarter worth about $30,000. Trust Co. of Vermont grew its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 255.7% during the third quarter. Trust Co. of Vermont now owns 313 shares of the exchange traded fund’s stock worth $35,000 after purchasing an additional 225 shares during the period. Bank of Jackson Hole Trust acquired a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the second quarter worth approximately $49,000. Finally, Boyd Watterson Asset Management LLC OH raised its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 18.4% in the second quarter. Boyd Watterson Asset Management LLC OH now owns 1,143 shares of the exchange traded fund’s stock valued at $125,000 after buying an additional 178 shares during the period. Institutional investors own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Down 0.0%

LQD opened at $110.64 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 business has a 50 day moving average of $111.10 and a 200-day moving average of $110.34. The stock has a market cap of $31.99 billion, a price-to-earnings 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.