Traders Buy iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) on Weakness

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Investors bought shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) on weakness during trading on Wednesday. $201.94 million flowed into the stock on the tick-up and $91.27 million flowed out of the stock on the tick-down, for a money net flow of $110.67 million into the stock. Of all stocks tracked, iShares iBoxx $ Investment Grade Corporate Bond ETF had the 6th highest net in-flow for the day. iShares iBoxx $ Investment Grade Corporate Bond ETF traded down ($0.07) for the day and closed at $114.81

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 10th. Investors of record on Wednesday, September 5th will be paid a $0.3477 dividend. This is a positive change from iShares iBoxx $ Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.34. The ex-dividend date is Tuesday, September 4th. This represents a $4.17 dividend on an annualized basis and a yield of 3.63%.

Several large investors have recently modified their holdings of LQD. HL Financial Services LLC acquired a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 1st quarter valued at $286,000. D.A. Davidson & CO. boosted its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 6.0% during the 1st quarter. D.A. Davidson & CO. now owns 12,842 shares of the exchange traded fund’s stock valued at $1,508,000 after buying an additional 726 shares during the period. Mission Wealth Management LP boosted its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 102.1% during the 1st quarter. Mission Wealth Management LP now owns 3,721 shares of the exchange traded fund’s stock valued at $437,000 after buying an additional 1,880 shares during the period. Point View Wealth Management Inc. acquired a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 1st quarter valued at $533,000. Finally, Wade G W & Inc. boosted its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 13.3% during the 1st quarter. Wade G W & Inc. now owns 136,692 shares of the exchange traded fund’s stock valued at $16,046,000 after buying an additional 16,005 shares during the period.

iShares iBoxx $ Investment Grade Corporate Bond ETF Company Profile (NYSEARCA:LQD)

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.

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