Sandhill Capital Partners LLC Takes $237,000 Position in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD)

Sandhill Capital Partners LLC purchased a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,139 shares of the exchange traded fund’s stock, valued at approximately $237,000.

Several other hedge funds also recently modified their holdings of LQD. Financial Engines Advisors L.L.C. boosted its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 1.3% during the 3rd quarter. Financial Engines Advisors L.L.C. now owns 10,628,017 shares of the exchange traded fund’s stock worth $1,084,270,000 after acquiring an additional 139,522 shares in the last quarter. NYL Investors LLC boosted its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 11.7% during the third quarter. NYL Investors LLC now owns 9,076,081 shares of the exchange traded fund’s stock valued at $925,942,000 after purchasing an additional 950,400 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 52.4% in the third quarter. Ameriprise Financial Inc. now owns 6,384,727 shares of the exchange traded fund’s stock worth $651,400,000 after buying an additional 2,194,321 shares during the last quarter. Money Design Co. Ltd. lifted its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 40.9% in the fourth quarter. Money Design Co. Ltd. now owns 970,018 shares of the exchange traded fund’s stock worth $107,342,000 after buying an additional 281,460 shares during the last quarter. Finally, Country Trust Bank lifted its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 5.8% in the fourth quarter. Country Trust Bank now owns 664,623 shares of the exchange traded fund’s stock worth $73,547,000 after buying an additional 36,600 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

Shares of NYSEARCA LQD traded down $0.31 during trading hours on Thursday, hitting $104.74. 29,826,535 shares of the company’s stock were exchanged, compared to its average volume of 30,752,309. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 1-year low of $98.24 and a 1-year high of $111.40. The company’s 50-day moving average price is $107.41 and its 200-day moving average price is $106.65.

iShares iBoxx $ Investment Grade Corporate Bond ETF 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.