Summit Financial LLC Grows Stock Holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD)

Summit Financial LLC increased its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 2.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,407 shares of the exchange traded fund’s stock after purchasing an additional 1,483 shares during the period. Summit Financial LLC’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $6,774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. iA Global Asset Management Inc. grew its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 24.4% during the 4th quarter. iA Global Asset Management Inc. now owns 611,200 shares of the exchange traded fund’s stock worth $65,301,000 after purchasing an additional 120,000 shares during the period. Continuum Advisory LLC grew its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 6.8% during the third quarter. Continuum Advisory LLC now owns 1,946 shares of the exchange traded fund’s stock worth $211,000 after acquiring an additional 124 shares during the period. Avior Wealth Management LLC raised its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 39.3% during the fourth quarter. Avior Wealth Management LLC now owns 23,651 shares of the exchange traded fund’s stock valued at $2,527,000 after acquiring an additional 6,678 shares in the last quarter. AMJ Financial Wealth Management lifted its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 0.7% in the fourth quarter. AMJ Financial Wealth Management now owns 72,508 shares of the exchange traded fund’s stock valued at $7,747,000 after acquiring an additional 491 shares during the period. Finally, Wayfinding Financial LLC purchased a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF in the 4th quarter worth approximately $7,422,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

Shares of NYSEARCA LQD opened at $108.48 on Monday. The firm’s 50 day simple moving average is $108.07 and its 200-day simple moving average is $108.99. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 12 month low of $104.14 and a 12 month high of $114.07. The stock has a market capitalization of $30.41 billion, a price-to-earnings ratio of 32.64 and a beta of 0.45.

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.