iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) Shares Acquired by Summit Financial LLC

Summit Financial LLC increased its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 1,868.1% in the second quarter, Holdings Channel reports. The firm owned 62,663 shares of the exchange traded fund’s stock after buying an additional 59,479 shares during the period. Summit Financial LLC’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $6,712,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Thompson Investment Management Inc. increased its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 95.7% during the 1st quarter. Thompson Investment Management Inc. now owns 225 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 110 shares during the last quarter. ORG Partners LLC purchased a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 2nd quarter valued at about $28,000. PSI Advisors LLC boosted its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 81.7% during the 2nd quarter. PSI Advisors LLC now owns 278 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 125 shares during the period. Anfield Capital Management LLC purchased a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 2nd quarter valued at about $39,000. Finally, 1620 Investment Advisors Inc. purchased a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 2nd quarter valued at about $46,000. 89.30% of the stock is owned by institutional investors and hedge funds.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

Shares of LQD traded down $0.31 during midday trading on Friday, hitting $111.21. The company had a trading volume of 25,275,521 shares, compared to its average volume of 28,029,808. The company’s 50-day simple moving average is $109.38 and its 200-day simple moving average is $107.96. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 1 year low of $98.24 and a 1 year high of $112.40.

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.