Hillsdale Investment Management Inc. Makes New Investment in iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD

Hillsdale Investment Management Inc. purchased a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) in the first quarter, Holdings Channel.com reports. The fund purchased 4,750 shares of the exchange traded fund’s stock, valued at approximately $518,000.

Other institutional investors also recently modified their holdings of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF in the 4th quarter valued at $32,000. Jessup Wealth Management Inc bought a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 4th quarter valued at about $33,000. Comprehensive Financial Planning Inc. PA raised its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 175.4% in the fourth quarter. Comprehensive Financial Planning Inc. PA now owns 336 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 214 shares during the period. EQ Wealth Advisors LLC acquired a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter worth about $41,000. Finally, Park National Corp OH bought a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the first quarter worth $43,000. 89.30% of the stock is owned by institutional investors.

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

Shares of NYSEARCA LQD opened at $107.50 on Friday. The company has a market capitalization of $35.22 billion, a P/E ratio of 32.25 and a beta of 0.43. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 12 month low of $106.93 and a 12 month high of $112.93. The stock has a 50 day moving average of $108.52 and a 200-day moving average of $109.50.

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.