BNP Paribas Has $260.30 Million Stock Position in iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD

BNP Paribas increased its position in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 14.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,362,313 shares of the exchange traded fund’s stock after acquiring an additional 298,058 shares during the quarter. iShares iBoxx $ Investment Grade Corporate Bond ETF comprises about 7.4% of BNP Paribas’ holdings, making the stock its 2nd biggest holding. BNP Paribas’ holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $260,303,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Bessemer Group Inc. boosted its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 0.6% in the third quarter. Bessemer Group Inc. now owns 16,291 shares of the exchange traded fund’s stock valued at $1,816,000 after acquiring an additional 97 shares during the period. Cary Street Partners Financial LLC boosted its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 0.5% in the fourth quarter. Cary Street Partners Financial LLC now owns 32,635 shares of the exchange traded fund’s stock valued at $3,596,000 after acquiring an additional 158 shares during the period. Whittier Trust Co. boosted its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 14.2% in the fourth quarter. Whittier Trust Co. now owns 1,283 shares of the exchange traded fund’s stock valued at $142,000 after acquiring an additional 160 shares during the period. Covestor Ltd boosted its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 14.0% in the fourth quarter. Covestor Ltd now owns 1,714 shares of the exchange traded fund’s stock valued at $189,000 after acquiring an additional 210 shares during the period. Finally, Fifth Third Securities Inc. boosted its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 0.8% in the fourth quarter. Fifth Third Securities Inc. now owns 30,366 shares of the exchange traded fund’s stock valued at $3,346,000 after acquiring an additional 227 shares during the period. 89.30% of the stock is currently owned by institutional investors.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

Shares of LQD opened at $108.93 on Tuesday. The firm’s 50 day simple moving average is $108.89 and its 200 day simple moving average is $110.02. The company has a market capitalization of $30.87 billion, a P/E ratio of 32.25 and a beta of 0.44. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 1-year low of $106.69 and a 1-year high of $112.93.

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