iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD Stock: Turn8 Private Wealth Inc. Increases Holdings

Turn8 Private Wealth Inc. lifted its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 18.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,796 shares of the exchange traded fund’s stock after acquiring an additional 7,187 shares during the period. iShares iBoxx $ Investment Grade Corporate Bond ETF makes up 3.2% of Turn8 Private Wealth Inc.’s portfolio, making the stock its 13th largest holding. Turn8 Private Wealth Inc.’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $4,679,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of LQD. MassMutual Private Wealth & Trust FSB bought a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF in the 3rd quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 3rd quarter valued at $35,000. Root Financial Partners LLC bought a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 3rd quarter worth about $40,000. John Boyer Inc. bought a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 3rd quarter worth about $54,000. Finally, Carolina Wealth Advisors LLC bought a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 3rd quarter worth about $83,000. Institutional investors own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

Shares of iShares iBoxx $ Investment Grade Corporate Bond ETF stock opened at $103.88 on Wednesday. The firm’s 50-day simple moving average is $103.78 and its 200-day simple moving average is $107.48. iShares iBoxx $ Investment Grade Corporate Bond ETF has a twelve month low of $101.19 and a twelve month high of $112.06. The firm has a market cap of $32.49 billion, a P/E ratio of 32.25 and a beta of 0.45.

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.