Bessemer Group Inc. Decreases Stock Holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD

Bessemer Group Inc. cut its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 22.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,155 shares of the exchange traded fund’s stock after selling 5,102 shares during the period. Bessemer Group Inc.’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $1,869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in LQD. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter worth approximately $32,000. Jessup Wealth Management Inc acquired a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter worth $33,000. Comprehensive Financial Planning Inc. PA grew its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 175.4% in the 4th quarter. Comprehensive Financial Planning Inc. PA now owns 336 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 214 shares in the last quarter. EQ Wealth Advisors LLC purchased a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF in the 4th quarter valued at $41,000. Finally, Park National Corp OH purchased a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF in the 1st quarter valued at $43,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Down 0.2%

Shares of LQD opened at $106.67 on Thursday. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 52-week low of $106.61 and a 52-week high of $112.93. The stock has a fifty day simple moving average of $108.38 and a two-hundred day simple moving average of $109.41. The company has a market capitalization of $34.42 billion, a PE ratio of 32.25 and a beta of 0.43.

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.