Sandy Spring Bank Reduces Stake in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD)

Sandy Spring Bank reduced its position in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 32.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 271 shares of the exchange traded fund’s stock after selling 128 shares during the period. Sandy Spring Bank’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $29,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Continuum Advisory LLC increased its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 6.8% during the third quarter. Continuum Advisory LLC now owns 1,946 shares of the exchange traded fund’s stock worth $211,000 after buying an additional 124 shares in the last quarter. Private Trust Co. NA increased its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 7.9% during the third quarter. Private Trust Co. NA now owns 9,844 shares of the exchange traded fund’s stock worth $1,112,000 after buying an additional 724 shares in the last quarter. Avior Wealth Management LLC increased its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 39.3% during the fourth quarter. Avior Wealth Management LLC now owns 23,651 shares of the exchange traded fund’s stock worth $2,527,000 after buying an additional 6,678 shares in the last quarter. AMJ Financial Wealth Management increased its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 0.7% during the fourth quarter. AMJ Financial Wealth Management now owns 72,508 shares of the exchange traded fund’s stock worth $7,747,000 after buying an additional 491 shares in the last quarter. Finally, Captrust Financial Advisors increased its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 2.9% during the third quarter. Captrust Financial Advisors now owns 73,843 shares of the exchange traded fund’s stock worth $8,343,000 after buying an additional 2,054 shares in the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

iShares iBoxx $ Investment Grade Corporate Bond ETF stock opened at $108.76 on Friday. 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 stock has a fifty day moving average of $107.86 and a two-hundred day moving average of $109.16. The company has a market capitalization of $30.49 billion, a price-to-earnings ratio of 32.64 and a beta of 0.45.

iShares iBoxx $ Investment Grade Corporate Bond ETF 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.