Parallel Advisors LLC Cuts Position in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD)

Parallel Advisors LLC lessened its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 34.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,097 shares of the exchange traded fund’s stock after selling 3,747 shares during the quarter. Parallel Advisors LLC’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $758,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Continuum Advisory LLC increased its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 6.8% in the 3rd quarter. Continuum Advisory LLC now owns 1,946 shares of the exchange traded fund’s stock valued at $211,000 after purchasing an additional 124 shares in the last quarter. First Horizon Advisors Inc. increased its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 8.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,849 shares of the exchange traded fund’s stock valued at $322,000 after purchasing an additional 217 shares in the last quarter. Quent Capital LLC increased its stake in shares of 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 valued at $79,000 after purchasing an additional 277 shares in the last quarter. Mount Lucas Management LP increased its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 4.5% during the 4th quarter. Mount Lucas Management LP now owns 6,983 shares of the exchange traded fund’s stock worth $746,000 after buying an additional 302 shares in the last quarter. Finally, Caitlin John LLC increased its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 8.6% during the 4th quarter. Caitlin John LLC now owns 3,990 shares of the exchange traded fund’s stock worth $426,000 after buying an additional 316 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

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

NYSEARCA:LQD opened at $108.91 on Friday. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 12 month low of $104.14 and a 12 month high of $114.07. The stock has a 50 day moving average of $107.79 and a two-hundred day moving average of $109.19. The firm has a market cap of $30.53 billion, a P/E ratio of 32.64 and a beta of 0.45.

About iShares iBoxx $ Investment Grade Corporate Bond ETF

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.