Richardson Financial Services Inc. Purchases Shares of 2,278 iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD)

Richardson Financial Services Inc. acquired a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,278 shares of the exchange traded fund’s stock, valued at approximately $252,000.

Several other hedge funds and other institutional investors have also made changes to their positions in LQD. Aspect Partners LLC bought a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter valued at about $660,000. Icon Wealth Advisors LLC bought a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the fourth quarter valued at approximately $7,755,000. Vermillion & White Wealth Management Group LLC bought a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the fourth quarter valued at approximately $553,000. Waterloo Capital L.P. increased its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 102.6% during the fourth quarter. Waterloo Capital L.P. now owns 3,979 shares of the exchange traded fund’s stock valued at $440,000 after acquiring an additional 2,015 shares during the period. Finally, Dorsey Wright & Associates acquired a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF in the fourth quarter worth approximately $754,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

NYSEARCA:LQD traded up $0.09 during mid-day trading on Friday, reaching $108.46. 28,561,920 shares of the stock were exchanged, compared to its average volume of 20,983,898. The business has a fifty day moving average price of $106.45 and a 200 day moving average price of $107.93. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 1-year low of $98.24 and a 1-year high of $111.40.

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.