Greenleaf Trust Takes $96.80 Million Position in iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD

Greenleaf Trust acquired a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,396,044 shares of the exchange traded fund’s stock, valued at approximately $96,795,000. iShares iBoxx $ Investment Grade Corporate Bond ETF makes up approximately 0.9% of Greenleaf Trust’s investment portfolio, making the stock its 14th largest position. Greenleaf Trust owned about 0.45% of iShares iBoxx $ Investment Grade Corporate Bond ETF as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Compass Financial Management LLC purchased a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF in the 2nd quarter worth approximately $251,000. Valeo Financial Advisors LLC boosted its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 39.8% during the second quarter. Valeo Financial Advisors LLC now owns 4,034 shares of the exchange traded fund’s stock worth $440,000 after purchasing an additional 1,149 shares during the last quarter. Rathbones Group PLC boosted its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 64.5% during the first quarter. Rathbones Group PLC now owns 18,626 shares of the exchange traded fund’s stock worth $2,030,000 after purchasing an additional 7,304 shares during the last quarter. Strategic Investment Advisors MI grew its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 11.4% in the first quarter. Strategic Investment Advisors MI now owns 87,138 shares of the exchange traded fund’s stock valued at $9,507,000 after purchasing an additional 8,909 shares during the period. Finally, Hilltop Holdings Inc. grew its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 15.7% in the first quarter. Hilltop Holdings Inc. now owns 257,303 shares of the exchange traded fund’s stock valued at $28,043,000 after purchasing an additional 34,847 shares during the period. 89.30% of the stock is currently owned by institutional investors and hedge funds.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

Shares of LQD stock opened at $106.35 on Friday. iShares iBoxx $ Investment Grade Corporate Bond ETF has a one year low of $105.42 and a one year high of $112.93. The company has a 50 day moving average price of $107.17 and a 200 day moving average price of $108.62. The firm has a market capitalization of $32.90 billion, a price-to-earnings ratio of 32.25 and a beta of 0.44.

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