Crews Bank & Trust Buys Shares of 26,806 iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD)

Crews Bank & Trust purchased a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 26,806 shares of the exchange traded fund’s stock, valued at approximately $2,864,000.

Several other hedge funds also recently modified their holdings of LQD. NYL Investors LLC raised its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 14.4% during the 3rd quarter. NYL Investors LLC now owns 8,916,703 shares of the exchange traded fund’s stock valued at $1,007,409,000 after purchasing an additional 1,124,415 shares during the last quarter. Empower Annuity Insurance Co bought a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 3rd quarter worth about $277,575,000. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 899.7% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,180,000 shares of the exchange traded fund’s stock worth $246,296,000 after purchasing an additional 1,961,934 shares during the period. Money Design Co. Ltd. raised its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 4.3% during the fourth quarter. Money Design Co. Ltd. now owns 1,470,231 shares of the exchange traded fund’s stock valued at $157,476,000 after buying an additional 60,163 shares during the last quarter. Finally, BNP Paribas grew its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 917.3% during the third quarter. BNP Paribas now owns 1,445,852 shares of the exchange traded fund’s stock worth $163,352,000 after buying an additional 1,303,725 shares in the last quarter. 89.30% of the stock is owned by institutional investors.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

Shares of LQD opened at $107.57 on Thursday. The stock’s 50-day moving average price is $107.86 and its 200 day moving average price is $109.66. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 12-month low of $104.14 and a 12-month high of $114.07.

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.