iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) Shares Sold by Payden & Rygel

Payden & Rygel cut its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 87.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,502 shares of the exchange traded fund’s stock after selling 399,671 shares during the period. Payden & Rygel’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $6,357,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in LQD. Summit Financial LLC grew its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 2.4% during the fourth quarter. Summit Financial LLC now owns 63,407 shares of the exchange traded fund’s stock worth $6,774,000 after acquiring an additional 1,483 shares during the last quarter. Allstate Corp increased its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 122.6% in the fourth quarter. Allstate Corp now owns 166,965 shares of the exchange traded fund’s stock valued at $17,839,000 after purchasing an additional 91,965 shares during the period. Loomis Sayles & Co. L P raised its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 167.9% in the fourth quarter. Loomis Sayles & Co. L P now owns 133,792 shares of the exchange traded fund’s stock valued at $14,294,000 after buying an additional 83,843 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter worth about $114,000. Finally, Wayfinding Financial LLC purchased a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter worth about $7,422,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Down 0.1 %

LQD opened at $108.78 on Friday. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 52 week low of $104.14 and a 52 week high of $114.07. The business has a 50 day moving average price of $108.25 and a two-hundred day moving average price of $108.89. The company has a market cap of $30.49 billion, a PE ratio of 32.87 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.