iA Global Asset Management Inc. Has $66.14 Million Stake in iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD

iA Global Asset Management Inc. lifted its position in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 33.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 600,200 shares of the exchange traded fund’s stock after purchasing an additional 149,000 shares during the quarter. iShares iBoxx $ Investment Grade Corporate Bond ETF accounts for 0.8% of iA Global Asset Management Inc.’s portfolio, making the stock its 28th largest position. iA Global Asset Management Inc. owned about 0.23% of iShares iBoxx $ Investment Grade Corporate Bond ETF worth $66,136,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. BNP Paribas raised its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 72.5% in the third quarter. BNP Paribas now owns 2,064,255 shares of the exchange traded fund’s stock valued at $230,103,000 after purchasing an additional 867,401 shares in the last quarter. Penn Mutual Asset Management acquired a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter worth $142,182,000. Mitsubishi UFJ Trust & Banking Corp raised its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 52.9% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 678,805 shares of the exchange traded fund’s stock worth $75,666,000 after acquiring an additional 234,900 shares in the last quarter. Farther Finance Advisors LLC raised its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 54.5% during the fourth quarter. Farther Finance Advisors LLC now owns 472,813 shares of the exchange traded fund’s stock worth $52,099,000 after acquiring an additional 166,701 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 12.3% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 333,093 shares of the exchange traded fund’s stock worth $36,704,000 after acquiring an additional 36,415 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

iShares iBoxx $ Investment Grade Corporate Bond ETF stock opened at $107.86 on Friday. The stock has a fifty day moving average price of $109.10 and a two-hundred day moving average price of $110.26. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 52-week low of $105.39 and a 52-week high of $112.93. The firm has a market capitalization of $30.57 billion, a P/E ratio of 32.25 and a beta of 0.44.

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.