iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD Stake Reduced by Parallel Advisors LLC

Parallel Advisors LLC cut its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 3.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,381 shares of the exchange traded fund’s stock after selling 214 shares during the quarter. Parallel Advisors LLC’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $590,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Centennial Bank AR purchased a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the first quarter valued at about $34,000. Bogart Wealth LLC raised its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 102.8% during the first quarter. Bogart Wealth LLC now owns 503 shares of the exchange traded fund’s stock valued at $55,000 after acquiring an additional 255 shares during the period. AdvisorNet Financial Inc raised its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 49.5% during the first quarter. AdvisorNet Financial Inc now owns 589 shares of the exchange traded fund’s stock valued at $64,000 after acquiring an additional 195 shares during the period. Park Square Financial Group LLC acquired a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter valued at approximately $91,000. Finally, Operose Advisors LLC raised its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 584.2% during the first quarter. Operose Advisors LLC now owns 1,129 shares of the exchange traded fund’s stock valued at $123,000 after acquiring an additional 964 shares during the period. 89.30% of the stock is currently owned by institutional investors.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

LQD stock opened at $111.74 on Friday. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 52-week low of $103.45 and a 52-week high of $113.57. The company’s 50 day simple moving average is $109.91 and its 200-day simple moving average is $108.41. The firm has a market capitalization of $27.71 billion, a P/E ratio of 32.25 and a beta of 0.33.

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.