iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. trimmed its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 22.9% in the 1st quarter, HoldingsChannel reports. The fund owned 17,155 shares of the exchange traded fund’s stock after selling 5,102 shares during the quarter. Bessemer Group Inc.’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $1,869,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LQD. JPMorgan Chase & Co. raised its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 430.0% in the fourth quarter. JPMorgan Chase & Co. now owns 3,932,215 shares of the exchange traded fund’s stock valued at $433,291,000 after purchasing an additional 3,190,347 shares during the period. BNP Paribas grew its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 14.4% during the 4th quarter. BNP Paribas now owns 2,362,313 shares of the exchange traded fund’s stock worth $260,303,000 after purchasing an additional 298,058 shares during the period. Penn Mutual Asset Management purchased a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 4th quarter worth $142,182,000. iA Global Asset Management Inc. increased its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 33.0% during the 4th quarter. iA Global Asset Management Inc. now owns 600,200 shares of the exchange traded fund’s stock worth $66,136,000 after purchasing an additional 149,000 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 54.5% in the 4th quarter. Farther Finance Advisors LLC now owns 472,813 shares of the exchange traded fund’s stock valued at $52,099,000 after buying an additional 166,701 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

NYSEARCA LQD opened at $106.67 on Thursday. The firm’s 50-day moving average is $108.38 and its two-hundred day moving average is $109.41. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 12 month low of $106.61 and a 12 month high of $112.93. The stock has a market capitalization of $34.42 billion, a P/E ratio of 32.25 and a beta of 0.43.

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.