Advisors Preferred LLC Has $9.03 Million Stock Position in iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD

Advisors Preferred LLC grew its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 403.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,989 shares of the exchange traded fund’s stock after purchasing an additional 64,906 shares during the quarter. iShares iBoxx $ Investment Grade Corporate Bond ETF comprises about 1.3% of Advisors Preferred LLC’s investment portfolio, making the stock its 21st biggest position. Advisors Preferred LLC’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $9,031,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of LQD. JPMorgan Chase & Co. increased its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 82.9% during the second quarter. JPMorgan Chase & Co. now owns 1,852,569 shares of the exchange traded fund’s stock worth $203,060,000 after buying an additional 839,768 shares during the last quarter. BNP Paribas lifted its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 420.8% in the second quarter. BNP Paribas now owns 1,196,854 shares of the exchange traded fund’s stock worth $131,187,000 after buying an additional 967,036 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 39,975.2% during the 2nd quarter. SG Americas Securities LLC now owns 859,213 shares of the exchange traded fund’s stock worth $94,178,000 after acquiring an additional 857,069 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 52.9% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 678,805 shares of the exchange traded fund’s stock worth $75,666,000 after acquiring an additional 234,900 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 1,111.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 306,112 shares of the exchange traded fund’s stock valued at $34,122,000 after acquiring an additional 280,834 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

Shares of LQD stock opened at $111.59 on Friday. The stock’s 50 day simple moving average is $110.66 and its 200 day simple moving average is $110.92. iShares iBoxx $ Investment Grade Corporate Bond ETF has a twelve month low of $103.45 and a twelve month high of $112.93. The company has a market capitalization of $28.78 billion, a price-to-earnings ratio of 32.25 and a beta of 0.46.

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. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, and oil and gas companies.