iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD Stock Position Increased by Cheviot Value Management LLC

Cheviot Value Management LLC grew its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 8.4% in the fourth quarter, HoldingsChannel reports. The firm owned 319,299 shares of the exchange traded fund’s stock after buying an additional 24,656 shares during the quarter. iShares iBoxx $ Investment Grade Corporate Bond ETF accounts for approximately 3.7% of Cheviot Value Management LLC’s investment portfolio, making the stock its 7th largest holding. Cheviot Value Management LLC’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $35,330,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. First Horizon Corp bought a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the third quarter valued at approximately $26,000. MassMutual Private Wealth & Trust FSB increased its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 34.6% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 350 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 90 shares during the last quarter. EQ Wealth Advisors LLC bought a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF in the 4th quarter worth approximately $41,000. Ares Financial Consulting LLC purchased a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 4th quarter worth approximately $51,000. Finally, Imprint Wealth LLC purchased a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 3rd quarter worth approximately $93,000. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

LQD stock opened at $109.20 on Friday. The firm has a fifty day moving average price of $109.42 and a 200 day moving average price of $110.41. iShares iBoxx $ Investment Grade Corporate Bond ETF has a fifty-two week low of $105.39 and a fifty-two week high of $112.93. The firm has a market cap of $30.95 billion, a PE ratio of 32.25 and a beta of 0.44.

iShares iBoxx $ Investment Grade Corporate Bond ETF 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.