Janney Montgomery Scott LLC Trims Stake in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD)

Janney Montgomery Scott LLC lowered its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD – Get Rating) by 44.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 105,262 shares of the exchange traded fund’s stock after selling 83,340 shares during the quarter. Janney Montgomery Scott LLC’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $12,730,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MetLife Investment Management LLC purchased a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 4th quarter valued at about $378,345,000. City Holding Co. grew its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 13.3% in the 4th quarter. City Holding Co. now owns 30,366 shares of the exchange traded fund’s stock worth $3,790,000 after acquiring an additional 3,560 shares during the period. Disciplined Investments LLC grew its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 5.8% during the 1st quarter. Disciplined Investments LLC now owns 2,119 shares of the exchange traded fund’s stock valued at $256,000 after buying an additional 116 shares during the last quarter. First National Bank of South Miami grew its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 2.7% during the 1st quarter. First National Bank of South Miami now owns 54,725 shares of the exchange traded fund’s stock valued at $6,618,000 after buying an additional 1,461 shares during the last quarter. Finally, First National Corp MA ADV grew its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 35.2% during the 4th quarter. First National Corp MA ADV now owns 55,133 shares of the exchange traded fund’s stock valued at $7,306,000 after buying an additional 14,343 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

LQD stock opened at $113.40 on Thursday. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 52-week low of $107.10 and a 52-week high of $136.78. The stock’s fifty day simple moving average is $111.43 and its 200-day simple moving average is $117.47.

iShares iBoxx $ Investment Grade Corporate Bond ETF Profile

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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.