Investors Buy iShares IBoxx $ Invest Grade Corp Bd Fd (LQD) on Weakness

Traders purchased shares of iShares IBoxx $ Invest Grade Corp Bd Fd (NYSE:LQD) on weakness during trading on Monday. $200.44 million flowed into the stock on the tick-up and $66.17 million flowed out of the stock on the tick-down, for a money net flow of $134.27 million into the stock. Of all companies tracked, iShares IBoxx $ Invest Grade Corp Bd Fd had the highest net in-flow for the day. iShares IBoxx $ Invest Grade Corp Bd Fd traded down ($0.17) for the day and closed at $121.41

The firm has a 50 day moving average price of $121.12 and a 200-day moving average price of $120.22.

The business also recently disclosed a monthly dividend, which was paid on Friday, October 6th. Stockholders of record on Tuesday, October 3rd were paid a $0.3228 dividend. This represents a $3.87 annualized dividend and a dividend yield of 3.19%. This is a positive change from iShares IBoxx $ Invest Grade Corp Bd Fd’s previous monthly dividend of $0.32. The ex-dividend date was Monday, October 2nd.

Large investors have recently bought and sold shares of the company. Canada Pension Plan Investment Board bought a new stake in shares of iShares IBoxx $ Invest Grade Corp Bd Fd during the 2nd quarter worth approximately $646,392,000. Teachers Insurance & Annuity Association of America bought a new stake in iShares IBoxx $ Invest Grade Corp Bd Fd during the 2nd quarter valued at $543,867,000. Dai Ichi Life Insurance Company Ltd raised its position in iShares IBoxx $ Invest Grade Corp Bd Fd by 930.0% during the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 4,355,800 shares of the exchange traded fund’s stock valued at $524,917,000 after purchasing an additional 3,932,920 shares in the last quarter. JPMorgan Chase & Co. raised its position in iShares IBoxx $ Invest Grade Corp Bd Fd by 1,465.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,973,209 shares of the exchange traded fund’s stock valued at $478,811,000 after purchasing an additional 3,719,431 shares in the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. bought a new stake in iShares IBoxx $ Invest Grade Corp Bd Fd during the 2nd quarter valued at $171,379,000.

ILLEGAL ACTIVITY NOTICE: This piece was posted by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece on another site, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this piece can be read at https://sportsperspectives.com/2017/10/18/investors-buy-ishares-iboxx-invest-grade-corp-bd-fd-lqd-on-weakness.html.

iShares IBoxx $ Invest Grade Corp Bd Fd Company Profile

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.

Receive News & Ratings for iShares IBoxx $ Invest Grade Corp Bd Fd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares IBoxx $ Invest Grade Corp Bd Fd and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply