iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) Shares Sold by Horizon Investments LLC

Horizon Investments LLC reduced its position in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 1.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 29,939 shares of the exchange traded fund’s stock after selling 358 shares during the period. Horizon Investments LLC’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $3,187,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Money Design Co. Ltd. boosted its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 4.3% in the 4th quarter. Money Design Co. Ltd. now owns 1,470,231 shares of the exchange traded fund’s stock valued at $157,476,000 after buying an additional 60,163 shares during the last quarter. BNP Paribas boosted its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 917.3% in the 3rd quarter. BNP Paribas now owns 1,445,852 shares of the exchange traded fund’s stock valued at $163,352,000 after buying an additional 1,303,725 shares during the last quarter. Payden & Rygel purchased a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF in the 3rd quarter valued at about $51,877,000. IHT Wealth Management LLC lifted its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 115.7% during the third quarter. IHT Wealth Management LLC now owns 313,249 shares of the exchange traded fund’s stock worth $35,411,000 after purchasing an additional 168,005 shares during the last quarter. Finally, Aspect Partners LLC lifted its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 33,367.4% during the fourth quarter. Aspect Partners LLC now owns 193,776 shares of the exchange traded fund’s stock worth $20,703,000 after purchasing an additional 193,197 shares during the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

Shares of LQD stock opened at $108.43 on Wednesday. iShares iBoxx $ Investment Grade Corporate Bond ETF has a one year low of $104.14 and a one year high of $114.07. The company’s 50-day simple moving average is $107.67 and its 200-day simple moving average is $109.19. The stock has a market capitalization of $30.39 billion, a price-to-earnings ratio of 32.64 and a beta of 0.45.

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.