Pinnacle Associates Ltd. Has $3.98 Million Holdings in iShares iBoxx $ Invmt Grade Corp Bd ETF (LQD)

Pinnacle Associates Ltd. trimmed its position in shares of iShares iBoxx $ Invmt Grade Corp Bd ETF (NYSEARCA:LQD) by 8.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,808 shares of the exchange traded fund’s stock after selling 2,920 shares during the period. Pinnacle Associates Ltd.’s holdings in iShares iBoxx $ Invmt Grade Corp Bd ETF were worth $3,977,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Fisher Asset Management LLC boosted its stake in iShares iBoxx $ Invmt Grade Corp Bd ETF by 4.9% during the 3rd quarter. Fisher Asset Management LLC now owns 22,053,892 shares of the exchange traded fund’s stock valued at $2,673,593,000 after purchasing an additional 1,022,960 shares during the period. Edelman Financial Services LLC raised its position in shares of iShares iBoxx $ Invmt Grade Corp Bd ETF by 2.4% during the 3rd quarter. Edelman Financial Services LLC now owns 7,520,221 shares of the exchange traded fund’s stock worth $911,676,000 after buying an additional 177,803 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of iShares iBoxx $ Invmt Grade Corp Bd ETF during the 2nd quarter worth about $646,392,000. Teachers Insurance & Annuity Association of America bought a new stake in shares of iShares iBoxx $ Invmt Grade Corp Bd ETF during the 2nd quarter worth about $543,867,000. Finally, Wells Fargo & Company MN raised its position in shares of iShares iBoxx $ Invmt Grade Corp Bd ETF by 11.6% during the 3rd quarter. Wells Fargo & Company MN now owns 4,454,011 shares of the exchange traded fund’s stock worth $539,960,000 after buying an additional 463,445 shares in the last quarter.

iShares iBoxx $ Invmt Grade Corp Bd ETF (NYSEARCA LQD) traded up $0.37 during mid-day trading on Friday, hitting $120.72. 4,050,000 shares of the company’s stock were exchanged. iShares iBoxx $ Invmt Grade Corp Bd ETF has a one year low of $115.55 and a one year high of $121.81.

The business also recently declared a monthly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Monday, December 4th will be given a dividend of $0.3223 per share. This represents a $3.87 dividend on an annualized basis and a dividend yield of 3.20%. This is an increase from iShares iBoxx $ Invmt Grade Corp Bd ETF’s previous monthly dividend of $0.32. The ex-dividend date of this dividend is Friday, December 1st. iShares iBoxx $ Invmt Grade Corp Bd ETF’s payout ratio is 50.00%.

COPYRIGHT VIOLATION NOTICE: This news story was published by Community Financial News and is the sole property of of Community Financial News. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The legal version of this news story can be viewed at https://www.com-unik.info/2017/12/03/pinnacle-associates-ltd-has-3-98-million-holdings-in-ishares-iboxx-invmt-grade-corp-bd-etf-lqd.html.

iShares iBoxx $ Invmt Grade Corp Bd ETF 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.

Want to see what other hedge funds are holding LQD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares iBoxx $ Invmt Grade Corp Bd ETF (NYSEARCA:LQD).

Institutional Ownership by Quarter for iShares iBoxx $ Invmt Grade Corp Bd ETF (NYSEARCA:LQD)

What are top analysts saying about iShares iBoxx $ Invmt Grade Corp Bd ETF? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for iShares iBoxx $ Invmt Grade Corp Bd ETF and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit