Traders Buy Shares of iShares IBoxx $ Invest Grade Corp Bd Fd (LQD) on Weakness

Traders purchased shares of iShares IBoxx $ Invest Grade Corp Bd Fd (NYSE:LQD) on weakness during trading on Monday. $200.44 million flowed into the stock on the tick-up and $66.17 million flowed out of the stock on the tick-down, for a money net flow of $134.27 million into the stock. Of all equities tracked, iShares IBoxx $ Invest Grade Corp Bd Fd had the highest net in-flow for the day. iShares IBoxx $ Invest Grade Corp Bd Fd traded down ($0.17) for the day and closed at $121.41

The firm’s 50-day moving average price is $121.12 and its 200 day moving average price is $120.22.

The business also recently announced a monthly dividend, which was paid on Friday, October 6th. Shareholders of record on Tuesday, October 3rd were given a dividend of $0.3228 per share. This is a positive change from iShares IBoxx $ Invest Grade Corp Bd Fd’s previous monthly dividend of $0.32. This represents a $3.87 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend was Monday, October 2nd.

A number of institutional investors and hedge funds have recently modified their holdings of LQD. Patriot Financial Group Insurance Agency LLC grew its position in iShares IBoxx $ Invest Grade Corp Bd Fd by 81.6% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 937 shares of the exchange traded fund’s stock worth $112,000 after buying an additional 421 shares during the period. Westwood Holdings Group Inc. acquired a new position in iShares IBoxx $ Invest Grade Corp Bd Fd during the second quarter worth about $129,000. Captrust Financial Advisors acquired a new position in iShares IBoxx $ Invest Grade Corp Bd Fd during the second quarter worth about $131,000. Forward Management LLC acquired a new position in iShares IBoxx $ Invest Grade Corp Bd Fd during the second quarter worth about $137,000. Finally, Sandy Spring Bank grew its position in iShares IBoxx $ Invest Grade Corp Bd Fd by 49.9% during the second quarter. Sandy Spring Bank now owns 1,352 shares of the exchange traded fund’s stock worth $163,000 after buying an additional 450 shares during the period.

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iShares IBoxx $ Invest Grade Corp Bd Fd 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.

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