Allstate Corp Trims Holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD

Allstate Corp lessened its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 19.7% during the fourth quarter, Holdings Channel reports. The firm owned 132,197 shares of the exchange traded fund’s stock after selling 32,419 shares during the quarter. Allstate Corp’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $14,567,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of LQD. Penn Mutual Asset Management purchased a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 4th quarter valued at about $142,182,000. BNP Paribas increased its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 72.5% during the 3rd quarter. BNP Paribas now owns 2,064,255 shares of the exchange traded fund’s stock valued at $230,103,000 after purchasing an additional 867,401 shares during the period. Payden & Rygel purchased a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 4th quarter valued at about $51,172,000. American Family Investments Inc. purchased a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 2nd quarter valued at about $25,210,000. Finally, Farther Finance Advisors LLC increased its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 54.5% during the 4th quarter. Farther Finance Advisors LLC now owns 472,813 shares of the exchange traded fund’s stock valued at $52,099,000 after purchasing an additional 166,701 shares during the period. Hedge funds and other institutional investors own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

Shares of NYSEARCA:LQD opened at $108.37 on Tuesday. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 1 year low of $106.09 and a 1 year high of $112.93. The stock’s 50-day moving average is $108.86 and its 200 day moving average is $110.09. The company has a market cap of $30.71 billion, a PE ratio of 32.25 and a beta of 0.44.

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.