Dorsey Wright & Associates Buys 19,139 Shares of iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD

Dorsey Wright & Associates boosted its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 589.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 22,387 shares of the exchange traded fund’s stock after acquiring an additional 19,139 shares during the period. Dorsey Wright & Associates’ holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $2,440,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF in the fourth quarter worth $32,000. Jessup Wealth Management Inc purchased a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter valued at $33,000. Comprehensive Financial Planning Inc. PA lifted its position in 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 valued at $37,000 after purchasing an additional 214 shares during the last quarter. EQ Wealth Advisors LLC bought a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter valued at $41,000. Finally, Park National Corp OH purchased a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 1st quarter worth $43,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Up 0.1%

iShares iBoxx $ Investment Grade Corporate Bond ETF stock opened at $107.56 on Friday. The company’s 50-day moving average price is $108.49 and its 200-day moving average price is $109.49. iShares iBoxx $ Investment Grade Corporate Bond ETF has a twelve month low of $106.93 and a twelve month high of $112.93. The company has a market cap of $35.24 billion, a PE 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.