Farther Finance Advisors LLC Grows Stock Holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD)

Farther Finance Advisors LLC increased its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 87.4% during the first quarter, Holdings Channel reports. The institutional investor owned 25,411 shares of the exchange traded fund’s stock after acquiring an additional 11,848 shares during the period. Farther Finance Advisors LLC’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $2,761,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in LQD. Cohen & Steers Inc. boosted its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 2,407.7% during the fourth quarter. Cohen & Steers Inc. now owns 326 shares of the exchange traded fund’s stock worth $35,000 after buying an additional 313 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter worth about $61,000. AdvisorNet Financial Inc boosted its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 49.5% during the first quarter. AdvisorNet Financial Inc now owns 589 shares of the exchange traded fund’s stock worth $64,000 after buying an additional 195 shares in the last quarter. Quent Capital LLC boosted its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 59.6% during the fourth quarter. Quent Capital LLC now owns 742 shares of the exchange traded fund’s stock worth $79,000 after buying an additional 277 shares in the last quarter. Finally, Park Square Financial Group LLC purchased a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter worth about $91,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Trading Up 0.2%

LQD stock opened at $107.50 on Wednesday. The company has a market cap of $30.18 billion, a P/E ratio of 32.25 and a beta of 0.43. The company’s 50-day moving average price is $106.84 and its 200 day moving average price is $107.62. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 52 week low of $103.45 and a 52 week 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.