Baird Financial Group Inc. Purchases 1,723 Shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD)

Baird Financial Group Inc. raised its position in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 6.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,123 shares of the exchange traded fund’s stock after acquiring an additional 1,723 shares during the quarter. Baird Financial Group Inc.’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $3,451,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of LQD. Financial Gravity Wealth Inc. bought a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF in the first quarter valued at about $1,673,000. American International Group Inc. bought a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF in the first quarter valued at about $4,226,000. Fiduciary Trust Co. raised its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 52.4% in the first quarter. Fiduciary Trust Co. now owns 3,824 shares of the exchange traded fund’s stock worth $449,000 after buying an additional 1,315 shares during the period. Sawtooth Solutions LLC bought a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the first quarter worth about $215,000. Finally, Willingdon Wealth Management raised its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 37.0% in the first quarter. Willingdon Wealth Management now owns 9,486 shares of the exchange traded fund’s stock worth $1,114,000 after buying an additional 2,564 shares during the period.

NYSEARCA LQD opened at $115.24 on Friday. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 52 week low of $113.72 and a 52 week high of $121.85.

The business also recently disclosed a monthly dividend, which was paid on Monday, September 10th. Stockholders of record on Wednesday, September 5th were paid a $0.3477 dividend. The ex-dividend date was Tuesday, September 4th. This represents a $4.17 annualized dividend and a dividend yield of 3.62%. This is an increase from iShares iBoxx $ Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.34.

About iShares iBoxx $ Investment Grade Corporate Bond ETF

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.

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Want to see what other hedge funds are holding LQD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD).

Institutional Ownership by Quarter for iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD)

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