iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) Reaches New 12-Month High at $111.44

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) shares hit a new 52-week high during trading on Monday . The stock traded as high as $111.44 and last traded at $111.38, with a volume of 6721158 shares changing hands. The stock had previously closed at $111.19.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

The stock has a 50-day moving average price of $108.89 and a two-hundred day moving average price of $107.79.

Institutional Investors Weigh In On iShares iBoxx $ Investment Grade Corporate Bond ETF

Several institutional investors have recently added to or reduced their stakes in LQD. Hollencrest Capital Management increased its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 0.7% during the second quarter. Hollencrest Capital Management now owns 13,315 shares of the exchange traded fund’s stock valued at $1,426,000 after acquiring an additional 98 shares in the last quarter. 1ST Source Bank increased its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 2.8% during the 1st quarter. 1ST Source Bank now owns 3,748 shares of the exchange traded fund’s stock valued at $408,000 after purchasing an additional 102 shares in the last quarter. Thompson Investment Management Inc. raised its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 95.7% in the first quarter. Thompson Investment Management Inc. now owns 225 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 110 shares during the last quarter. PSI Advisors LLC lifted its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 81.7% during the second quarter. PSI Advisors LLC now owns 278 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 125 shares during the period. Finally, J.Safra Asset Management Corp grew its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 0.5% during the fourth quarter. J.Safra Asset Management Corp now owns 50,633 shares of the exchange traded fund’s stock valued at $5,603,000 after buying an additional 235 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

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.