Traders Buy Shares of iShares IBoxx $ Invest Grade Corp Bd Fd (LQD) on Weakness

Investors purchased shares of iShares IBoxx $ Invest Grade Corp Bd Fd (NYSEARCA:LQD) on weakness during trading hours on Wednesday. $286.41 million flowed into the stock on the tick-up and $208.26 million flowed out of the stock on the tick-down, for a money net flow of $78.15 million into the stock. Of all equities tracked, iShares IBoxx $ Invest Grade Corp Bd Fd had the 11th highest net in-flow for the day. iShares IBoxx $ Invest Grade Corp Bd Fd traded down ($0.32) for the day and closed at $120.49

The firm also recently announced a monthly dividend, which was paid on Thursday, December 7th. Investors of record on Monday, December 4th were issued a dividend of $0.3223 per share. This represents a $3.87 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend was Friday, December 1st. This is an increase from iShares IBoxx $ Invest Grade Corp Bd Fd’s previous monthly dividend of $0.32. iShares IBoxx $ Invest Grade Corp Bd Fd’s dividend payout ratio is currently 50.13%.

A number of hedge funds have recently modified their holdings of LQD. Novare Capital Management LLC purchased a new stake in shares of iShares IBoxx $ Invest Grade Corp Bd Fd in the third quarter worth $108,000. Patriot Financial Group Insurance Agency LLC grew its stake in shares of iShares IBoxx $ Invest Grade Corp Bd Fd by 81.6% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 937 shares of the exchange traded fund’s stock worth $112,000 after acquiring an additional 421 shares during the last quarter. Westwood Holdings Group Inc. purchased a new stake in shares of iShares IBoxx $ Invest Grade Corp Bd Fd in the second quarter worth $129,000. Captrust Financial Advisors purchased a new stake in shares of iShares IBoxx $ Invest Grade Corp Bd Fd in the second quarter worth $131,000. Finally, Parametric Portfolio Associates LLC purchased a new stake in shares of iShares IBoxx $ Invest Grade Corp Bd Fd in the second quarter worth $1,168,000.

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About iShares IBoxx $ Invest Grade Corp Bd Fd

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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