iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) Reaches New 12-Month Low – Time to Sell?

Shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) hit a new 52-week low during trading on Monday . The company traded as low as $105.93 and last traded at $105.93, with a volume of 2495231 shares. The stock had previously closed at $106.12.

iShares iBoxx $ Investment Grade Corporate Bond ETF Trading Down 0.1%

The firm’s fifty day simple moving average is $107.66 and its 200 day simple moving average is $108.90. The company has a market cap of $32.80 billion, a price-to-earnings ratio of 32.25 and a beta of 0.44.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 4th quarter worth $32,000. Jessup Wealth Management Inc bought a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the fourth quarter valued at approximately $33,000. Comprehensive Financial Planning Inc. PA raised its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 175.4% in the 4th quarter. Comprehensive Financial Planning Inc. PA now owns 336 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 214 shares in the last quarter. EQ Wealth Advisors LLC purchased a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF in the 4th quarter worth about $41,000. Finally, Park National Corp OH acquired a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF in the first quarter valued at approximately $43,000. 89.30% of the stock is owned by institutional investors and hedge funds.

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.