iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) Hits New 52-Week High at $128.01

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) reached a new 52-week high during trading on Tuesday . The stock traded as high as $128.01 and last traded at $127.95, with a volume of 401115 shares. The stock had previously closed at $127.43.

The firm has a 50 day moving average of $124.97 and a 200 day moving average of $120.40.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LQD. Mercer Global Advisors Inc. ADV bought a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF in the first quarter worth $203,000. Avalon Advisors LLC lifted its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 11.3% in the first quarter. Avalon Advisors LLC now owns 96,179 shares of the exchange traded fund’s stock worth $11,451,000 after purchasing an additional 9,770 shares during the period. Ellis Investment Partners LLC bought a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF in the first quarter worth $138,000. TRUE Private Wealth Advisors lifted its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 0.7% in the first quarter. TRUE Private Wealth Advisors now owns 23,177 shares of the exchange traded fund’s stock worth $2,759,000 after purchasing an additional 162 shares during the period. Finally, Squar Milner Financial Services LLC lifted its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 122.4% in the first quarter. Squar Milner Financial Services LLC now owns 2,735 shares of the exchange traded fund’s stock worth $325,000 after purchasing an additional 1,505 shares during the period.

About iShares iBoxx $ Investment Grade Corporate Bond ETF (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.

Further Reading: How to calculate the intrinsic value of a stock

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