MetLife Investment Management LLC Has $103.61 Million Stock Holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD

MetLife Investment Management LLC lifted its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 2,442.0% during the first quarter, Holdings Channel reports. The firm owned 953,260 shares of the exchange traded fund’s stock after purchasing an additional 915,760 shares during the quarter. iShares iBoxx $ Investment Grade Corporate Bond ETF makes up approximately 0.6% of MetLife Investment Management LLC’s portfolio, making the stock its 24th largest holding. MetLife Investment Management LLC’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $103,610,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. NYL Investors LLC raised its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 442.2% during the first quarter. NYL Investors LLC now owns 7,794,361 shares of the exchange traded fund’s stock worth $847,169,000 after purchasing an additional 6,356,835 shares during the period. Ameriprise Financial Inc. raised its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 51.7% during the first quarter. Ameriprise Financial Inc. now owns 6,859,875 shares of the exchange traded fund’s stock worth $744,605,000 after purchasing an additional 2,339,039 shares during the period. BNP Paribas raised its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 15.2% during the fourth quarter. BNP Paribas now owns 1,665,560 shares of the exchange traded fund’s stock valued at $177,948,000 after buying an additional 219,708 shares during the period. Bank of New York Mellon Corp raised its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 469.8% during the first quarter. Bank of New York Mellon Corp now owns 1,290,878 shares of the exchange traded fund’s stock valued at $140,306,000 after buying an additional 1,064,345 shares during the period. Finally, iA Global Asset Management Inc. lifted its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 8.2% in the 1st quarter. iA Global Asset Management Inc. now owns 661,200 shares of the exchange traded fund’s stock worth $71,866,000 after acquiring an additional 50,000 shares in the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

NYSEARCA:LQD opened at $110.20 on Friday. iShares iBoxx $ Investment Grade Corporate Bond ETF has a fifty-two week low of $103.45 and a fifty-two week high of $114.07. The stock’s 50-day moving average is $108.98 and its two-hundred day moving average is $108.04. The stock has a market cap of $27.33 billion, a PE ratio of 32.25 and a beta of 0.33.

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.