Exchange Capital Management Inc. Sells 4,752 Shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD)

Exchange Capital Management Inc. decreased its position in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 63.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,746 shares of the exchange traded fund’s stock after selling 4,752 shares during the quarter. Exchange Capital Management Inc.’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $293,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mascoma Wealth Management LLC bought a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the third quarter valued at about $47,000. PSI Advisors LLC boosted its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 281.1% during the 4th quarter. PSI Advisors LLC now owns 705 shares of the exchange traded fund’s stock valued at $75,000 after acquiring an additional 520 shares during the period. Quent Capital LLC boosted its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 59.6% during the 4th quarter. Quent Capital LLC now owns 742 shares of the exchange traded fund’s stock valued at $79,000 after acquiring an additional 277 shares during the period. Rosenberg Matthew Hamilton grew its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 32.7% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,068 shares of the exchange traded fund’s stock worth $121,000 after acquiring an additional 263 shares during the last quarter. Finally, Adirondack Trust Co. increased its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 59.4% in the 4th quarter. Adirondack Trust Co. now owns 1,138 shares of the exchange traded fund’s stock worth $122,000 after purchasing an additional 424 shares during the period. Hedge funds and other institutional investors own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

NYSEARCA:LQD opened at $109.36 on Wednesday. iShares iBoxx $ Investment Grade Corporate Bond ETF has a fifty-two week low of $104.14 and a fifty-two week high of $114.07. The firm has a market cap of $30.88 billion, a PE ratio of 33.07 and a beta of 0.43. The business has a 50 day moving average price of $107.11 and a 200-day moving average price of $109.49.

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.