iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) Reaches New 12-Month Low – Here’s What Happened

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $105.36 and last traded at $105.42, with a volume of 15643352 shares trading hands. The stock had previously closed at $106.21.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Up 0.1%

The company has a market cap of $32.60 billion, a P/E ratio of 32.25 and a beta of 0.44. The firm has a fifty day moving average price of $106.96 and a 200 day moving average price of $108.49.

Institutional Trading of iShares iBoxx $ Investment Grade Corporate Bond ETF

Hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC boosted its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 50.5% in the 2nd quarter. NewEdge Advisors LLC now owns 52,109 shares of the exchange traded fund’s stock valued at $5,712,000 after buying an additional 17,493 shares during the last quarter. American Family Investments Inc. bought a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 2nd quarter worth about $25,210,000. Brown Brothers Harriman & Co. lifted its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 6.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 8,665 shares of the exchange traded fund’s stock valued at $966,000 after purchasing an additional 550 shares during the period. Imprint Wealth LLC acquired a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 3rd quarter worth approximately $93,000. Finally, Integrated Wealth Concepts LLC raised its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 8.8% during the third quarter. Integrated Wealth Concepts LLC now owns 29,783 shares of the exchange traded fund’s stock worth $3,320,000 after buying an additional 2,421 shares during the last quarter. 89.30% of the stock is owned by institutional investors.

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. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, and oil and gas companies.