iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) Reaches New 12-Month Low – Here’s Why

Shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) hit a new 52-week low during trading on Wednesday . The company traded as low as $105.11 and last traded at $105.1850, with a volume of 9064941 shares traded. The stock had previously closed at $105.48.

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

The stock’s 50-day moving average is $106.65 and its 200-day moving average is $108.32. The firm has a market cap of $32.58 billion, a P/E ratio of 32.25 and a beta of 0.44.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the fourth quarter valued at about $32,000. Jessup Wealth Management Inc acquired a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 4th quarter worth approximately $33,000. Comprehensive Financial Planning Inc. PA grew its holdings in shares of 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. Park National Corp OH bought a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the first quarter valued at approximately $43,000. Finally, Union Savings Bank bought a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter valued at approximately $63,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

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. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, and oil and gas companies.