iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) Reaches New 12-Month Low – Should You Sell?

Shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $105.94 and last traded at $105.95, with a volume of 21633391 shares trading hands. The stock had previously closed at $106.55.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

The stock has a fifty day simple moving average of $107.92 and a 200 day simple moving average of $109.06. The firm has a market cap of $32.78 billion, a P/E ratio of 32.25 and a beta of 0.44.

Hedge Funds Weigh In On iShares iBoxx $ Investment Grade Corporate Bond ETF

Hedge funds have recently bought and sold shares of the business. Yorktown Management & Research Co Inc purchased a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter valued at approximately $882,000. Farther Finance Advisors LLC grew its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 54.5% during the 4th quarter. Farther Finance Advisors LLC now owns 472,813 shares of the exchange traded fund’s stock valued at $52,099,000 after acquiring an additional 166,701 shares during the period. Payden & Rygel bought a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 4th quarter valued at $51,172,000. Horizon Investments LLC increased its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 40.9% in the 4th quarter. Horizon Investments LLC now owns 132,318 shares of the exchange traded fund’s stock worth $14,580,000 after purchasing an additional 38,401 shares in the last quarter. Finally, Providence First Trust Co increased its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 8.6% in the 4th quarter. Providence First Trust Co now owns 136,127 shares of the exchange traded fund’s stock worth $15,000,000 after purchasing an additional 10,788 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

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. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, and oil and gas companies.