Providence First Trust Co Has $15 Million Stake in iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD

Providence First Trust Co grew its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 8.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,127 shares of the exchange traded fund’s stock after buying an additional 10,788 shares during the quarter. iShares iBoxx $ Investment Grade Corporate Bond ETF makes up 5.2% of Providence First Trust Co’s portfolio, making the stock its 4th biggest holding. Providence First Trust Co owned 0.05% of iShares iBoxx $ Investment Grade Corporate Bond ETF worth $15,000,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. BNP Paribas raised its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 72.5% during the 3rd quarter. BNP Paribas now owns 2,064,255 shares of the exchange traded fund’s stock worth $230,103,000 after acquiring an additional 867,401 shares during the period. Penn Mutual Asset Management purchased a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter valued at approximately $142,182,000. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 52.9% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 678,805 shares of the exchange traded fund’s stock worth $75,666,000 after purchasing an additional 234,900 shares during the period. Farther Finance Advisors LLC increased its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 54.5% in the fourth quarter. Farther Finance Advisors LLC now owns 472,813 shares of the exchange traded fund’s stock worth $52,099,000 after purchasing an additional 166,701 shares in the last quarter. Finally, Cheviot Value Management LLC increased its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 14.1% in the third quarter. Cheviot Value Management LLC now owns 294,643 shares of the exchange traded fund’s stock worth $33,271,000 after purchasing an additional 36,323 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

Shares of LQD stock opened at $108.65 on Wednesday. iShares iBoxx $ Investment Grade Corporate Bond ETF has a one year low of $105.39 and a one year high of $112.93. The company’s fifty day moving average price is $109.53 and its 200-day moving average price is $110.46. The company has a market capitalization of $30.79 billion, a price-to-earnings ratio of 32.25 and a beta of 0.44.

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.