Sumitomo Mitsui Trust Holdings Inc. Reduces Position in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD)

Sumitomo Mitsui Trust Holdings Inc. trimmed its position in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 3.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,279 shares of the exchange traded fund’s stock after selling 766 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $2,576,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Crestwood Advisors Group LLC grew its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 158.5% in the fourth quarter. Crestwood Advisors Group LLC now owns 7,891 shares of the exchange traded fund’s stock worth $873,000 after purchasing an additional 4,838 shares in the last quarter. Graypoint LLC grew its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 21.9% in the fourth quarter. Graypoint LLC now owns 23,352 shares of the exchange traded fund’s stock worth $2,584,000 after purchasing an additional 4,191 shares in the last quarter. Baystate Wealth Management LLC grew its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 83.2% in the fourth quarter. Baystate Wealth Management LLC now owns 1,277 shares of the exchange traded fund’s stock worth $141,000 after purchasing an additional 580 shares in the last quarter. ORG Partners LLC grew its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 2,565.5% in the fourth quarter. ORG Partners LLC now owns 1,466 shares of the exchange traded fund’s stock worth $163,000 after purchasing an additional 1,411 shares in the last quarter. Finally, Tennessee Valley Asset Management Partners boosted its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 6.0% in the fourth quarter. Tennessee Valley Asset Management Partners now owns 21,312 shares of the exchange traded fund’s stock valued at $2,358,000 after acquiring an additional 1,209 shares during the period. 89.30% of the stock is currently owned by institutional investors and hedge funds.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

Shares of LQD stock opened at $105.04 on Thursday. The business has a 50 day moving average of $107.41 and a two-hundred day moving average of $106.65. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 52 week low of $98.24 and a 52 week high of $111.40.

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.