iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) Sets New 12-Month High at $113.91

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $113.91 and last traded at $113.91, with a volume of 4638 shares trading hands. The stock had previously closed at $113.71.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

The business’s 50 day moving average price is $110.45 and its 200-day moving average price is $108.33.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LQD. Hollencrest Capital Management raised its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 0.7% during the second quarter. Hollencrest Capital Management now owns 13,315 shares of the exchange traded fund’s stock worth $1,426,000 after acquiring an additional 98 shares in the last quarter. 1ST Source Bank boosted its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 2.8% during the 1st quarter. 1ST Source Bank now owns 3,748 shares of the exchange traded fund’s stock worth $408,000 after buying an additional 102 shares in the last quarter. Thompson Investment Management Inc. increased its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 95.7% in the first quarter. Thompson Investment Management Inc. now owns 225 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 110 shares in the last quarter. PSI Advisors LLC raised its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 81.7% during the 2nd quarter. PSI Advisors LLC now owns 278 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 125 shares during the period. Finally, ORG Partners LLC acquired a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF in the 2nd quarter valued at $28,000. 89.30% of the stock is owned by institutional investors.

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.