iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) Sets New 12-Month Low – Time to Sell?

Shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) reached a new 52-week low on Monday . The company traded as low as $105.93 and last traded at $105.93, with a volume of 2495231 shares traded. The stock had previously closed at $106.12.

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

The business’s 50-day simple moving average is $107.66 and its 200-day simple moving average is $108.90. The company has a market capitalization of $32.80 billion, a PE ratio of 32.25 and a beta of 0.44.

Hedge Funds Weigh In On iShares iBoxx $ Investment Grade Corporate Bond ETF

Several hedge funds have recently made changes to their positions in LQD. JPMorgan Chase & Co. raised its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 430.0% during the fourth quarter. JPMorgan Chase & Co. now owns 3,932,215 shares of the exchange traded fund’s stock worth $433,291,000 after purchasing an additional 3,190,347 shares during the last quarter. BNP Paribas boosted its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 14.4% during the 4th quarter. BNP Paribas now owns 2,362,313 shares of the exchange traded fund’s stock worth $260,303,000 after acquiring an additional 298,058 shares in the last quarter. iA Global Asset Management Inc. grew its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 33.0% during the fourth quarter. iA Global Asset Management Inc. now owns 600,200 shares of the exchange traded fund’s stock valued at $66,136,000 after buying an additional 149,000 shares in the last quarter. Payden & Rygel purchased a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF in the 4th quarter worth approximately $51,172,000. Finally, Cambridge Investment Research Advisors Inc. boosted its position 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 valued at $36,704,000 after purchasing an additional 36,415 shares during the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

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