iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) Share Price Pass Below Two Hundred Day Moving Average – Should You Sell?

Shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $109.89 and traded as low as $106.55. iShares iBoxx $ Investment Grade Corporate Bond ETF shares last traded at $106.67, with a volume of 13,091,762 shares trading hands.

iShares iBoxx $ Investment Grade Corporate Bond ETF Trading Up 0.3 %

The stock’s fifty day moving average price is $109.18 and its 200-day moving average price is $109.88.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. NYL Investors LLC increased its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 14.4% in 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 buying an additional 1,124,415 shares during the period. Empower Annuity Insurance Co acquired a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the third quarter worth $277,575,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 899.7% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,180,000 shares of the exchange traded fund’s stock worth $246,296,000 after acquiring an additional 1,961,934 shares in the last quarter. BNP Paribas boosted 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 valued at $163,352,000 after purchasing an additional 1,303,725 shares during the last quarter. Finally, Money Design Co. Ltd. grew its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 6.3% in the third quarter. Money Design Co. Ltd. now owns 1,410,068 shares of the exchange traded fund’s stock valued at $159,309,000 after purchasing an additional 83,156 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

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.