Bay Harbor Wealth Management LLC Boosts Position in iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD)

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Bay Harbor Wealth Management LLC boosted its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 34.5% in the first quarter, HoldingsChannel.com reports. The firm owned 9,666 shares of the exchange traded fund’s stock after buying an additional 2,482 shares during the period. iShares iBoxx $ Investment Grade Corporate Bond ETF accounts for about 0.8% of Bay Harbor Wealth Management LLC’s holdings, making the stock its 27th biggest holding. Bay Harbor Wealth Management LLC’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $1,151,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Portfolio Solutions LLC acquired a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter valued at $28,000. Nalls Sherbakoff Group LLC acquired a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter valued at $34,000. Pinnacle Bank acquired a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter valued at $73,000. Sterling Investment Advisors Ltd. lifted its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 27.8% during the fourth quarter. Sterling Investment Advisors Ltd. now owns 690 shares of the exchange traded fund’s stock valued at $77,000 after purchasing an additional 150 shares during the period. Finally, Essex Savings Bank acquired a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter valued at $79,000.

Shares of iShares iBoxx $ Investment Grade Corporate Bond ETF stock traded down $0.16 during trading hours on Monday, reaching $118.42. The stock had a trading volume of 81,593 shares, compared to its average volume of 9,092,617. iShares iBoxx $ Investment Grade Corporate Bond ETF has a twelve month low of $111.25 and a twelve month high of $119.27.

The company also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were given a $0.358 dividend. The ex-dividend date was Monday, April 1st. This represents a $4.30 dividend on an annualized basis and a dividend yield of 3.63%.

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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.

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Want to see what other hedge funds are holding LQD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD).

Institutional Ownership by Quarter for iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD)

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