BNP Paribas Acquires 867,401 Shares of iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD

BNP Paribas grew its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 72.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,064,255 shares of the exchange traded fund’s stock after purchasing an additional 867,401 shares during the quarter. iShares iBoxx $ Investment Grade Corporate Bond ETF comprises about 6.9% of BNP Paribas’ investment portfolio, making the stock its 2nd biggest position. BNP Paribas owned approximately 0.71% of iShares iBoxx $ Investment Grade Corporate Bond ETF worth $230,103,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. First Horizon Corp acquired a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 3rd quarter valued at $26,000. Trust Co. of Vermont raised 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 valued at $35,000 after buying an additional 225 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 34.6% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 350 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 90 shares in the last quarter. Canton Hathaway LLC acquired a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the third quarter worth about $42,000. Finally, Premier Financial Group acquired a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the third quarter worth about $66,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

LQD opened at $108.17 on Friday. The company has a market cap of $27.90 billion, a PE ratio of 32.25 and a beta of 0.46. The stock has a 50-day moving average of $110.71 and a 200-day moving average of $111.00. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 52-week low of $103.45 and a 52-week high of $112.93.

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.