iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) Reaches New 12-Month Low – Should You Sell?

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) shares reached a new 52-week low on Friday . The company traded as low as $106.07 and last traded at $106.11, with a volume of 3571925 shares trading hands. The stock had previously closed at $106.41.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Down 0.2%

The firm has a market capitalization of $34.04 billion, a price-to-earnings ratio of 32.25 and a beta of 0.43. The company has a 50-day moving average price of $108.20 and a 200-day moving average price of $109.24.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the fourth quarter worth $32,000. Jessup Wealth Management Inc acquired a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF in the fourth quarter worth about $33,000. Comprehensive Financial Planning Inc. PA grew its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 175.4% in the 4th quarter. Comprehensive Financial Planning Inc. PA now owns 336 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 214 shares in the last quarter. EQ Wealth Advisors LLC bought a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF in the 4th quarter valued at about $41,000. Finally, Park National Corp OH acquired a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 1st quarter valued at about $43,000. 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. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, and oil and gas companies.