USA Financial Formulas Purchases New Stake in iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD

USA Financial Formulas purchased a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) during the third quarter, HoldingsChannel.com reports. The firm purchased 114,050 shares of the exchange traded fund’s stock, valued at approximately $11,654,000. iShares iBoxx $ Investment Grade Corporate Bond ETF makes up approximately 2.3% of USA Financial Formulas’ investment portfolio, making the stock its 4th biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. RPg Family Wealth Advisory LLC raised its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 1,205.3% in the 2nd quarter. RPg Family Wealth Advisory LLC now owns 39,382 shares of the exchange traded fund’s stock valued at $4,295,000 after purchasing an additional 36,365 shares during the last quarter. Dorsey Wright & Associates lifted its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 589.3% in the 1st quarter. Dorsey Wright & Associates now owns 22,387 shares of the exchange traded fund’s stock valued at $2,440,000 after purchasing an additional 19,139 shares in the last quarter. Oarsman Capital Inc. acquired a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 2nd quarter worth about $95,734,000. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 391.3% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 15,836 shares of the exchange traded fund’s stock worth $1,726,000 after purchasing an additional 12,613 shares during the last quarter. Finally, Greenleaf Trust acquired a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 2nd quarter worth about $96,795,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

Shares of NYSEARCA LQD opened at $103.40 on Friday. The company has a 50-day simple moving average of $104.53 and a 200-day simple moving average of $107.05. The company has a market cap of $29.36 billion, a PE ratio of 32.25 and a beta of 0.45. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 12 month low of $101.19 and a 12 month high of $112.93.

iShares iBoxx $ Investment Grade Corporate Bond ETF 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.