Investors Buy iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) on Weakness

Investors purchased shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) on weakness during trading hours on Friday. $174.37 million flowed into the stock on the tick-up and $113.13 million flowed out of the stock on the tick-down, for a money net flow of $61.24 million into the stock. Of all stocks tracked, iShares iBoxx $ Investment Grade Corporate Bond ETF had the 18th highest net in-flow for the day. iShares iBoxx $ Investment Grade Corporate Bond ETF traded down ($0.14) for the day and closed at $112.70

The business also recently disclosed a monthly dividend, which was paid on Friday, October 5th. Shareholders of record on Tuesday, October 2nd were given a dividend of $0.352 per share. This is an increase from iShares iBoxx $ Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.35. This represents a $4.22 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date was Monday, October 1st.

A number of institutional investors have recently modified their holdings of the business. Carroll Financial Associates Inc. grew its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 20.6% in the 2nd quarter. Carroll Financial Associates Inc. now owns 2,869 shares of the exchange traded fund’s stock worth $328,000 after buying an additional 490 shares during the period. Hollencrest Capital Management grew its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 2.0% in the 3rd quarter. Hollencrest Capital Management now owns 24,910 shares of the exchange traded fund’s stock worth $2,863,000 after buying an additional 500 shares during the period. Midwest Professional Planners LTD. grew its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 1.9% in the 2nd quarter. Midwest Professional Planners LTD. now owns 27,481 shares of the exchange traded fund’s stock worth $3,148,000 after buying an additional 515 shares during the period. Integrated Wealth Concepts LLC grew its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 6.8% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 10,818 shares of the exchange traded fund’s stock worth $1,236,000 after buying an additional 687 shares during the period. Finally, Fieldpoint Private Securities LLC grew its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 35.6% in the 2nd quarter. Fieldpoint Private Securities LLC now owns 2,954 shares of the exchange traded fund’s stock worth $338,000 after buying an additional 775 shares during the period.

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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