Mitsubishi UFJ Trust & Banking Corp Cuts Holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD)

Mitsubishi UFJ Trust & Banking Corp lowered its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 10.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 276,465 shares of the exchange traded fund’s stock after selling 31,290 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $29,538,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of LQD. Wayfinding Financial LLC bought a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 4th quarter valued at about $7,422,000. TD Private Client Wealth LLC boosted its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 5.0% in the fourth quarter. TD Private Client Wealth LLC now owns 184,724 shares of the exchange traded fund’s stock valued at $19,736,000 after acquiring an additional 8,790 shares in the last quarter. Lee Danner & Bass Inc. purchased a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF in the fourth quarter worth $152,000. iA Global Asset Management Inc. increased its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 24.4% during the fourth quarter. iA Global Asset Management Inc. now owns 611,200 shares of the exchange traded fund’s stock worth $65,301,000 after purchasing an additional 120,000 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 2,637.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 14,949 shares of the exchange traded fund’s stock valued at $1,597,000 after purchasing an additional 14,403 shares during the last quarter. Institutional investors own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

iShares iBoxx $ Investment Grade Corporate Bond ETF stock opened at $107.96 on Thursday. The business has a fifty day moving average price of $108.02 and a 200-day moving average price of $109.08. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 1-year low of $104.14 and a 1-year high of $114.07. The stock has a market capitalization of $30.26 billion, a price-to-earnings ratio of 32.64 and a beta of 0.45.

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.