TrustBank Makes New $13 Million Investment in iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD

TrustBank purchased a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 117,973 shares of the exchange traded fund’s stock, valued at approximately $12,999,000. iShares iBoxx $ Investment Grade Corporate Bond ETF comprises approximately 5.4% of TrustBank’s holdings, making the stock its 4th biggest position.

Other institutional investors have also recently made changes to their positions in the company. EQ Wealth Advisors LLC purchased a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter valued at approximately $41,000. Ares Financial Consulting LLC bought a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF in the fourth quarter worth approximately $51,000. Imprint Wealth LLC bought a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF in the third quarter worth approximately $93,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 4th quarter valued at $109,000. Finally, Olistico Wealth LLC bought a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 4th quarter valued at $116,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

Shares of LQD stock opened at $108.78 on Wednesday. The company has a market capitalization of $30.83 billion, a price-to-earnings ratio of 32.25 and a beta of 0.44. iShares iBoxx $ Investment Grade Corporate Bond ETF has a one year low of $106.52 and a one year high of $112.93. The company’s fifty day moving average price is $108.88 and its 200-day moving average price is $110.07.

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