iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD is Turn8 Private Wealth Inc.’s 5th Largest Position

Turn8 Private Wealth Inc. boosted its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 39.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,063 shares of the exchange traded fund’s stock after purchasing an additional 16,531 shares during the quarter. iShares iBoxx $ Investment Grade Corporate Bond ETF comprises approximately 4.0% of Turn8 Private Wealth Inc.’s portfolio, making the stock its 5th biggest position. Turn8 Private Wealth Inc.’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $6,328,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF in the fourth quarter valued at $32,000. Jessup Wealth Management Inc acquired a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter worth about $33,000. Comprehensive Financial Planning Inc. PA increased its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 175.4% during the fourth quarter. Comprehensive Financial Planning Inc. PA now owns 336 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 214 shares in the last quarter. EQ Wealth Advisors LLC purchased a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 4th quarter valued at about $41,000. Finally, Park National Corp OH purchased a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 1st quarter valued at about $43,000. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

Shares of NYSEARCA LQD opened at $108.64 on Friday. iShares iBoxx $ Investment Grade Corporate Bond ETF has a twelve month low of $106.93 and a twelve month high of $112.93. The stock has a 50 day moving average of $108.79 and a two-hundred day moving average of $109.69. The stock has a market cap of $32.62 billion, a P/E ratio of 32.25 and a beta of 0.43.

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.