Payden & Rygel Cuts Position in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD)

Payden & Rygel lowered its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 87.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 59,502 shares of the exchange traded fund’s stock after selling 399,671 shares during the quarter. Payden & Rygel’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $6,357,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC acquired a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter worth about $61,000. PSI Advisors LLC lifted its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 281.1% during the 4th quarter. PSI Advisors LLC now owns 705 shares of the exchange traded fund’s stock worth $75,000 after acquiring an additional 520 shares in the last quarter. Quent Capital LLC boosted its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 59.6% in the 4th quarter. Quent Capital LLC now owns 742 shares of the exchange traded fund’s stock worth $79,000 after acquiring an additional 277 shares during the period. Murphy & Mullick Capital Management Corp purchased a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF in the 4th quarter worth approximately $114,000. Finally, Adirondack Trust Co. grew its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 59.4% in the fourth quarter. Adirondack Trust Co. now owns 1,138 shares of the exchange traded fund’s stock valued at $122,000 after acquiring an additional 424 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

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

NYSEARCA LQD opened at $108.78 on Friday. The stock has a market cap of $30.49 billion, a P/E ratio of 32.87 and a beta of 0.45. The company’s fifty day simple moving average is $108.25 and its 200-day simple moving average is $108.89. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 52 week low of $104.14 and a 52 week high of $114.07.

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.