Abound Financial LLC Makes New Investment in iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD

Abound Financial LLC acquired a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 80,983 shares of the exchange traded fund’s stock, valued at approximately $8,924,000. iShares iBoxx $ Investment Grade Corporate Bond ETF makes up approximately 2.1% of Abound Financial LLC’s investment portfolio, making the stock its 13th biggest holding.

Other large investors have also recently modified their holdings of the company. NewEdge Advisors LLC boosted its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 50.5% in the second quarter. NewEdge Advisors LLC now owns 52,109 shares of the exchange traded fund’s stock valued at $5,712,000 after acquiring an additional 17,493 shares in the last quarter. American Family Investments Inc. acquired a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the second quarter worth $25,210,000. Advisors Preferred LLC increased its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 403.6% during the third quarter. Advisors Preferred LLC now owns 80,989 shares of the exchange traded fund’s stock worth $9,031,000 after purchasing an additional 64,906 shares in the last quarter. Alteri Wealth LLC lifted its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 16.2% during the 3rd quarter. Alteri Wealth LLC now owns 12,039 shares of the exchange traded fund’s stock valued at $1,342,000 after purchasing an additional 1,678 shares during the last quarter. Finally, Lake Street Private Wealth LLC lifted its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 8.2% during the 3rd quarter. Lake Street Private Wealth LLC now owns 20,319 shares of the exchange traded fund’s stock valued at $2,265,000 after purchasing an additional 1,532 shares during the last quarter. Institutional investors own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

Shares of LQD stock opened at $108.99 on Tuesday. The stock’s fifty day moving average price is $108.93 and its 200 day moving average price is $109.87. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 1-year low of $106.93 and a 1-year high of $112.93. The company has a market cap of $30.89 billion, a price-to-earnings ratio of 32.25 and a beta of 0.44.

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. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, and oil and gas companies.