iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD Stock Sold by Montecito Bank & Trust

Montecito Bank & Trust lessened its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 93.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,144 shares of the exchange traded fund’s stock after selling 159,077 shares during the quarter. Montecito Bank & Trust’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $1,139,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of LQD. JPMorgan Chase & Co. lifted its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 430.0% during the fourth quarter. JPMorgan Chase & Co. now owns 3,932,215 shares of the exchange traded fund’s stock valued at $433,291,000 after buying an additional 3,190,347 shares in the last quarter. Greenleaf Trust acquired a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the second quarter worth $96,795,000. Oarsman Capital Inc. purchased a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the 2nd quarter valued at $95,734,000. SG Americas Securities LLC raised its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 6,160.6% in the 1st quarter. SG Americas Securities LLC now owns 241,595 shares of the exchange traded fund’s stock valued at $26,331,000 after acquiring an additional 237,736 shares during the period. Finally, Mufg Securities Americas Inc. acquired a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF in the 4th quarter valued at $11,019,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Trading Down 0.1%

NYSEARCA:LQD traded down $0.15 during mid-day trading on Thursday, hitting $102.03. The company had a trading volume of 48,204,156 shares, compared to its average volume of 33,228,691. The business has a fifty day simple moving average of $105.40 and a 200-day simple moving average of $107.51. The firm has a market capitalization of $26.94 billion, a price-to-earnings ratio of 32.25 and a beta of 0.44. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 1 year low of $101.19 and a 1 year high of $112.93.

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.