Montecito Bank & Trust Sells 159,077 Shares of iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD

Montecito Bank & Trust cut its position in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 93.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,144 shares of the exchange traded fund’s stock after selling 159,077 shares during the quarter. Montecito Bank & Trust’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $1,139,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 4th quarter worth $32,000. Comprehensive Financial Planning Inc. PA boosted its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 175.4% in the 4th quarter. Comprehensive Financial Planning Inc. PA now owns 336 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 214 shares during the last quarter. Park National Corp OH acquired a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the first quarter valued at about $43,000. Union Savings Bank acquired a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter valued at about $63,000. Finally, NBT Bank N A NY increased its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 646.4% during the first quarter. NBT Bank N A NY now owns 821 shares of the exchange traded fund’s stock worth $89,000 after acquiring an additional 711 shares during the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

Shares of NYSEARCA:LQD traded down $0.15 during trading on Thursday, hitting $102.03. The company’s stock had a trading volume of 48,204,156 shares, compared to its average volume of 33,228,691. iShares iBoxx $ Investment Grade Corporate Bond ETF has a fifty-two week low of $101.19 and a fifty-two week high of $112.93. The stock’s 50-day moving average price is $105.40 and its two-hundred day moving average price is $107.51. The company has a market capitalization of $26.94 billion, a PE ratio of 32.25 and a beta of 0.44.

iShares iBoxx $ Investment Grade Corporate Bond ETF 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.