Traders Sell Shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) on Strength (LQD)

Traders sold shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) on strength during trading hours on Tuesday. $192.34 million flowed into the stock on the tick-up and $265.06 million flowed out of the stock on the tick-down, for a money net flow of $72.72 million out of the stock. Of all companies tracked, iShares iBoxx $ Investment Grade Corporate Bond ETF had the 15th highest net out-flow for the day. iShares iBoxx $ Investment Grade Corporate Bond ETF traded up $0.49 for the day and closed at $118.88

The company also recently declared a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were paid a dividend of $0.358 per share. This represents a $4.30 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend was Monday, April 1st.

A number of hedge funds have recently modified their holdings of the business. Patriot Wealth Management Inc. lifted its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 1.1% during the fourth quarter. Patriot Wealth Management Inc. now owns 9,300 shares of the exchange traded fund’s stock worth $1,049,000 after purchasing an additional 101 shares during the last quarter. Moloney Securities Asset Management LLC lifted its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 2.3% during the fourth quarter. Moloney Securities Asset Management LLC now owns 4,823 shares of the exchange traded fund’s stock worth $544,000 after purchasing an additional 107 shares during the last quarter. Jag Capital Management LLC lifted its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 3.5% during the first quarter. Jag Capital Management LLC now owns 3,530 shares of the exchange traded fund’s stock worth $420,000 after purchasing an additional 119 shares during the last quarter. Legacy Advisors LLC lifted its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 6.2% in the 4th quarter. Legacy Advisors LLC now owns 2,123 shares of the exchange traded fund’s stock valued at $240,000 after acquiring an additional 123 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. lifted its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 27.8% in the 4th quarter. Sterling Investment Advisors Ltd. now owns 690 shares of the exchange traded fund’s stock valued at $77,000 after acquiring an additional 150 shares during the last quarter.

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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.

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