Exchange Capital Management Inc. Trims Position in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD)

Exchange Capital Management Inc. trimmed its position in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 63.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,746 shares of the exchange traded fund’s stock after selling 4,752 shares during the quarter. Exchange Capital Management Inc.’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $293,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Mascoma Wealth Management LLC bought a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the third quarter valued at $47,000. PSI Advisors LLC raised its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 281.1% in the 4th quarter. PSI Advisors LLC now owns 705 shares of the exchange traded fund’s stock valued at $75,000 after acquiring an additional 520 shares in the last quarter. Quent Capital LLC boosted its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 59.6% during the 4th quarter. Quent Capital LLC now owns 742 shares of the exchange traded fund’s stock valued at $79,000 after acquiring an additional 277 shares during the last quarter. Rosenberg Matthew Hamilton boosted its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 32.7% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,068 shares of the exchange traded fund’s stock valued at $121,000 after acquiring an additional 263 shares during the last quarter. Finally, Adirondack Trust Co. grew its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 59.4% during the fourth quarter. Adirondack Trust Co. now owns 1,138 shares of the exchange traded fund’s stock worth $122,000 after purchasing an additional 424 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

Shares of LQD opened at $109.36 on Wednesday. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 1-year low of $104.14 and a 1-year high of $114.07. The company has a market capitalization of $30.88 billion, a P/E ratio of 33.07 and a beta of 0.43. The firm’s 50 day simple moving average is $107.11 and its 200 day simple moving average is $109.49.

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.