Rathbones Group PLC Boosts Stock Holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD

Rathbones Group PLC increased its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 64.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,626 shares of the exchange traded fund’s stock after acquiring an additional 7,304 shares during the period. Rathbones Group PLC’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $2,030,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LQD. JPMorgan Chase & Co. increased its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 430.0% during the 4th quarter. JPMorgan Chase & Co. now owns 3,932,215 shares of the exchange traded fund’s stock worth $433,291,000 after purchasing an additional 3,190,347 shares during the period. BNP Paribas boosted its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 14.4% in the 4th quarter. BNP Paribas now owns 2,362,313 shares of the exchange traded fund’s stock valued at $260,303,000 after buying 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 in the 4th quarter valued at about $142,182,000. iA Global Asset Management Inc. grew its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 33.0% during the fourth quarter. iA Global Asset Management Inc. now owns 600,200 shares of the exchange traded fund’s stock worth $66,136,000 after buying an additional 149,000 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 54.5% during the fourth quarter. Farther Finance Advisors LLC now owns 472,813 shares of the exchange traded fund’s stock worth $52,099,000 after buying an additional 166,701 shares in the last quarter. 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 $106.76 on Wednesday. The company’s 50 day moving average price is $108.08 and its 200 day moving average price is $109.14. iShares iBoxx $ Investment Grade Corporate Bond ETF has a fifty-two week low of $105.96 and a fifty-two week high of $112.93. The firm has a market capitalization of $33.03 billion, a price-to-earnings ratio of 32.25 and a beta of 0.44.

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.