Farther Finance Advisors LLC Buys 197,445 Shares of iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD

Farther Finance Advisors LLC boosted its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 21.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,110,491 shares of the exchange traded fund’s stock after acquiring an additional 197,445 shares during the period. iShares iBoxx $ Investment Grade Corporate Bond ETF accounts for about 0.8% of Farther Finance Advisors LLC’s portfolio, making the stock its 21st biggest position. Farther Finance Advisors LLC owned about 0.42% of iShares iBoxx $ Investment Grade Corporate Bond ETF worth $113,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LQD. JPMorgan Chase & Co. lifted its position in shares of 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 valued at $433,291,000 after acquiring an additional 3,190,347 shares during the period. Greenleaf Trust bought a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the second quarter worth $96,795,000. Oarsman Capital Inc. acquired a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF in the second quarter valued at about $95,734,000. Hilltop Holdings Inc. raised its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 15.7% in the first quarter. Hilltop Holdings Inc. now owns 257,303 shares of the exchange traded fund’s stock valued at $28,043,000 after purchasing an additional 34,847 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 6,160.6% in the first quarter. SG Americas Securities LLC now owns 241,595 shares of the exchange traded fund’s stock valued at $26,331,000 after purchasing an additional 237,736 shares in the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

LQD traded up $0.37 on Thursday, hitting $102.47. 37,320,112 shares of the stock were exchanged, compared to its average volume of 33,283,598. The firm has a market capitalization of $27.03 billion, a price-to-earnings ratio of 32.25 and a beta of 0.45. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 12 month low of $101.19 and a 12 month high of $112.93. The business has a 50-day moving average of $105.04 and a two-hundred day moving average of $107.31.

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.