Ameriprise Financial Inc. Has $365.13 Million Position in iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD

Ameriprise Financial Inc. cut its position in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 27.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,276,638 shares of the exchange traded fund’s stock after selling 1,256,759 shares during the quarter. Ameriprise Financial Inc. owned about 1.13% of iShares iBoxx $ Investment Grade Corporate Bond ETF worth $365,133,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Horizon Corp acquired a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 3rd quarter worth approximately $26,000. Trust Co. of Vermont lifted its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 255.7% during the third quarter. Trust Co. of Vermont now owns 313 shares of the exchange traded fund’s stock worth $35,000 after purchasing an additional 225 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 34.6% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 350 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 90 shares in the last quarter. Canton Hathaway LLC bought a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 3rd quarter valued at $42,000. Finally, Premier Financial Group acquired a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 3rd quarter worth $66,000. 89.30% of the stock is owned by institutional investors and hedge funds.

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

Shares of LQD stock opened at $108.69 on Tuesday. iShares iBoxx $ Investment Grade Corporate Bond ETF has a twelve month low of $103.45 and a twelve month high of $112.93. The business has a fifty day simple moving average of $110.67 and a 200 day simple moving average of $111.00. The company has a market cap of $28.03 billion, a P/E ratio of 32.25 and a beta of 0.46.

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.