Greenleaf Trust Invests $96.80 Million in iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD

Greenleaf Trust acquired a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) during the second quarter, Holdings Channel reports. The firm acquired 1,396,044 shares of the exchange traded fund’s stock, valued at approximately $96,795,000. iShares iBoxx $ Investment Grade Corporate Bond ETF comprises 0.9% of Greenleaf Trust’s investment portfolio, making the stock its 14th largest holding.

Other hedge funds have also recently bought and sold shares of the company. 10Elms LLP increased its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 1.9% in the fourth quarter. 10Elms LLP now owns 6,306 shares of the exchange traded fund’s stock worth $695,000 after acquiring an additional 120 shares in the last quarter. Cary Street Partners Financial LLC lifted its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 0.5% in the 4th quarter. Cary Street Partners Financial LLC now owns 32,635 shares of the exchange traded fund’s stock valued at $3,596,000 after acquiring an additional 158 shares in the last quarter. Sandhill Capital Partners LLC boosted its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 8.4% in the 4th quarter. Sandhill Capital Partners LLC now owns 2,621 shares of the exchange traded fund’s stock worth $289,000 after purchasing an additional 204 shares during the period. Covestor Ltd grew its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 14.0% during the 4th quarter. Covestor Ltd now owns 1,714 shares of the exchange traded fund’s stock worth $189,000 after purchasing an additional 210 shares in the last quarter. Finally, Comprehensive Financial Planning Inc. PA grew its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 175.4% during the 4th quarter. Comprehensive Financial Planning Inc. PA now owns 336 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 214 shares in the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Down 0.4%

Shares of NYSEARCA:LQD opened at $106.35 on Friday. The firm has a fifty day moving average of $107.17 and a two-hundred day moving average of $108.62. The firm has a market capitalization of $32.90 billion, a P/E ratio of 32.25 and a beta of 0.44. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 12-month low of $105.42 and a 12-month high of $112.93.

iShares iBoxx $ Investment Grade Corporate Bond ETF Company 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. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, and oil and gas companies.