iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD – Get Free Report)’s stock price passed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $103.71 and traded as low as $103.04. iShares iBoxx $ Investment Grade Corporate Bond ETF shares last traded at $103.05, with a volume of 21,588,451 shares traded.
iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Down 0.9%
The stock has a market cap of $32.71 billion, a P/E ratio of 32.25 and a beta of 0.45. The firm’s 50-day moving average is $103.71 and its two-hundred day moving average is $107.41.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB bought a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the third quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the third quarter worth approximately $35,000. Root Financial Partners LLC acquired a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the third quarter valued at approximately $40,000. John Boyer Inc. acquired a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the third quarter valued at approximately $54,000. Finally, Carolina Wealth Advisors LLC bought a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the third quarter valued at approximately $83,000. Institutional investors and hedge funds 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.
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