Stronghold Wealth Management L.L.C. Invests $1.02 Million in iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD

Stronghold Wealth Management L.L.C. acquired a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,208 shares of the exchange traded fund’s stock, valued at approximately $1,015,000. iShares iBoxx $ Investment Grade Corporate Bond ETF accounts for about 1.5% of Stronghold Wealth Management L.L.C.’s investment portfolio, making the stock its 11th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in LQD. First Horizon Corp bought a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 3rd quarter worth about $26,000. EQ Wealth Advisors LLC bought a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 4th quarter worth about $41,000. Ares Financial Consulting LLC bought a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 4th quarter worth about $51,000. Imprint Wealth LLC bought a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 3rd quarter worth about $93,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 4th quarter worth about $109,000. Institutional investors own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

NYSEARCA:LQD opened at $107.86 on Monday. The firm’s 50-day moving average is $109.10 and its 200-day moving average is $110.24. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 52-week low of $105.39 and a 52-week high of $112.93. The company has a market cap of $30.57 billion, a price-to-earnings 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.