iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) Stake Reduced by City Holding Co.

City Holding Co. lowered its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 12.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,054 shares of the exchange traded fund’s stock after selling 280 shares during the period. City Holding Co.’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $219,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Empower Annuity Insurance Co acquired a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the third quarter worth $277,575,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 899.7% in 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 in the last quarter. BNP Paribas raised its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 917.3% during the 3rd 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 during the period. NYL Investors LLC lifted its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 14.4% during the third 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 in the last quarter. Finally, Payden & Rygel acquired a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the third quarter worth about $51,877,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

LQD stock opened at $106.78 on Tuesday. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 52-week low of $104.14 and a 52-week high of $114.07. The company’s 50 day simple moving average is $108.05 and its 200-day simple moving average is $109.71.

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.