Payden & Rygel Invests $51.88 Million in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD)

Payden & Rygel purchased a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 459,173 shares of the exchange traded fund’s stock, valued at approximately $51,877,000. iShares iBoxx $ Investment Grade Corporate Bond ETF makes up 4.0% of Payden & Rygel’s holdings, making the stock its biggest position.

Other institutional investors have also recently made changes to their positions in the company. ORG Partners LLC bought a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF in the 2nd quarter worth $28,000. PSI Advisors LLC raised its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 81.7% during the second quarter. PSI Advisors LLC now owns 278 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 125 shares during the period. Anfield Capital Management LLC purchased a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the second quarter valued at about $39,000. Mascoma Wealth Management LLC bought a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the third quarter worth about $47,000. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the second quarter worth about $46,000. Institutional investors own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Down 0.3 %

LQD traded down $0.29 on Wednesday, hitting $108.40. 4,711,308 shares of the company’s stock traded hands, compared to its average volume of 26,965,602. The company’s 50 day simple moving average is $110.86 and its 200-day simple moving average is $109.50. iShares iBoxx $ Investment Grade Corporate Bond ETF has a one year low of $104.14 and a one year high of $114.07.

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.