Lee Danner & Bass Inc. Makes New $152,000 Investment in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD)

Lee Danner & Bass Inc. purchased a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) during the 4th quarter, Holdings Channel reports. The firm purchased 1,425 shares of the exchange traded fund’s stock, valued at approximately $152,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC acquired a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF in the 4th quarter worth $61,000. PSI Advisors LLC grew its position in 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 worth $75,000 after purchasing an additional 520 shares during the last quarter. Quent Capital LLC grew its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 59.6% in the 4th quarter. Quent Capital LLC now owns 742 shares of the exchange traded fund’s stock worth $79,000 after purchasing an additional 277 shares during the last quarter. Adirondack Trust Co. grew its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 59.4% in the 4th 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 during the last quarter. Finally, Pinnacle Bancorp Inc. boosted its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 93.9% during the 4th quarter. Pinnacle Bancorp Inc. now owns 1,621 shares of the exchange traded fund’s stock valued at $173,000 after acquiring an additional 785 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

Shares of iShares iBoxx $ Investment Grade Corporate Bond ETF stock opened at $108.76 on Friday. The firm’s 50-day simple moving average is $107.86 and its 200-day simple moving average is $109.17. iShares iBoxx $ Investment Grade Corporate Bond ETF has a twelve month low of $104.14 and a twelve month high of $114.07. The firm has a market cap of $30.49 billion, a P/E ratio of 32.64 and a beta of 0.45.

About iShares iBoxx $ Investment Grade Corporate Bond ETF

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.