Montecito Bank & Trust Reduces Stock Holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD)

Montecito Bank & Trust reduced its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 13.6% during the fourth quarter, Holdings Channel reports. The firm owned 8,724 shares of the exchange traded fund’s stock after selling 1,378 shares during the quarter. Montecito Bank & Trust’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $932,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. NYL Investors LLC increased its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 14.4% during the third quarter. NYL Investors LLC now owns 8,916,703 shares of the exchange traded fund’s stock valued at $1,007,409,000 after buying an additional 1,124,415 shares during the period. Empower Annuity Insurance Co bought a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 3rd quarter valued at approximately $277,575,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 899.7% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,180,000 shares of the exchange traded fund’s stock worth $246,296,000 after acquiring an additional 1,961,934 shares during the period. BNP Paribas grew its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 917.3% during the 3rd quarter. BNP Paribas now owns 1,445,852 shares of the exchange traded fund’s stock worth $163,352,000 after acquiring an additional 1,303,725 shares during the period. Finally, Money Design Co. Ltd. raised its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 6.3% in the 3rd quarter. Money Design Co. Ltd. now owns 1,410,068 shares of the exchange traded fund’s stock worth $159,309,000 after acquiring an additional 83,156 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

NYSEARCA LQD opened at $106.91 on Friday. The stock’s 50 day moving average is $107.94 and its 200 day moving average is $109.68. iShares iBoxx $ Investment Grade Corporate Bond ETF has a twelve month low of $104.14 and a twelve month high of $114.07.

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.