BNP Paribas Raises Stake in iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD

BNP Paribas raised its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 420.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,196,854 shares of the exchange traded fund’s stock after purchasing an additional 967,036 shares during the period. iShares iBoxx $ Investment Grade Corporate Bond ETF accounts for about 4.3% of BNP Paribas’ portfolio, making the stock its 4th largest position. BNP Paribas owned 0.48% of iShares iBoxx $ Investment Grade Corporate Bond ETF worth $131,187,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Cullen Frost Bankers Inc. increased its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 3.8% during the second quarter. Cullen Frost Bankers Inc. now owns 2,496 shares of the exchange traded fund’s stock valued at $274,000 after buying an additional 92 shares during the period. Boyd Watterson Asset Management LLC OH lifted its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 18.4% during the second quarter. Boyd Watterson Asset Management LLC OH now owns 1,143 shares of the exchange traded fund’s stock worth $125,000 after buying an additional 178 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 4.0% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,177 shares of the exchange traded fund’s stock valued at $677,000 after acquiring an additional 238 shares in the last quarter. Trust Co. of Toledo NA OH bought a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 2nd quarter valued at $27,000. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 2nd quarter valued at $30,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Trading Up 0.5%

LQD opened at $111.00 on Thursday. The firm has a market cap of $32.09 billion, a price-to-earnings ratio of 32.25 and a beta of 0.46. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 12 month low of $103.45 and a 12 month high of $112.93. The stock has a fifty day moving average price of $111.39 and a 200-day moving average price of $110.07.

iShares iBoxx $ Investment Grade Corporate Bond ETF 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.