Mount Lucas Management LP Grows Position in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD)

Mount Lucas Management LP raised its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 4.5% during the fourth quarter, HoldingsChannel reports. The firm owned 6,983 shares of the exchange traded fund’s stock after purchasing an additional 302 shares during the quarter. Mount Lucas Management LP’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $746,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in LQD. Mascoma Wealth Management LLC purchased a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF in the third quarter valued at approximately $47,000. Kohmann Bosshard Financial Services LLC acquired a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 4th quarter valued at approximately $61,000. PSI Advisors LLC boosted its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 281.1% in the 4th quarter. PSI Advisors LLC now owns 705 shares of the exchange traded fund’s stock valued at $75,000 after acquiring an additional 520 shares during the last quarter. Quent Capital LLC increased its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 59.6% in the fourth quarter. Quent Capital LLC now owns 742 shares of the exchange traded fund’s stock worth $79,000 after acquiring an additional 277 shares during the period. Finally, Adirondack Trust Co. raised its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 59.4% during the fourth quarter. Adirondack Trust Co. now owns 1,138 shares of the exchange traded fund’s stock worth $122,000 after purchasing an additional 424 shares during the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

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

Shares of NYSEARCA:LQD opened at $108.32 on Monday. The company has a market capitalization of $30.59 billion, a PE ratio of 33.07 and a beta of 0.43. The business has a 50 day moving average of $107.46 and a two-hundred day moving average of $109.37. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 12-month low of $104.14 and a 12-month high of $114.07.

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.