Confluence Investment Management LLC Has $4.49 Million Stake in iShares IBoxx $ Invest Grade Corp Bd Fd (LQD)

Confluence Investment Management LLC lifted its stake in iShares IBoxx $ Invest Grade Corp Bd Fd (NYSEARCA:LQD) by 3.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 36,969 shares of the exchange traded fund’s stock after purchasing an additional 1,394 shares during the period. Confluence Investment Management LLC’s holdings in iShares IBoxx $ Invest Grade Corp Bd Fd were worth $4,494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Fisher Asset Management LLC boosted its stake in iShares IBoxx $ Invest Grade Corp Bd Fd by 4.9% during the third 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 buying an additional 1,022,960 shares during the period. Edelman Financial Services LLC boosted its stake in iShares IBoxx $ Invest Grade Corp Bd Fd by 2.4% during the third quarter. Edelman Financial Services LLC now owns 7,520,221 shares of the exchange traded fund’s stock valued at $911,676,000 after buying an additional 177,803 shares during the period. Wells Fargo & Company MN boosted its stake in iShares IBoxx $ Invest Grade Corp Bd Fd by 11.6% during the third quarter. Wells Fargo & Company MN now owns 4,454,011 shares of the exchange traded fund’s stock valued at $539,960,000 after buying an additional 463,445 shares during the period. Dai Ichi Life Insurance Company Ltd boosted its stake in iShares IBoxx $ Invest Grade Corp Bd Fd by 1.3% during the third quarter. Dai Ichi Life Insurance Company Ltd now owns 4,413,930 shares of the exchange traded fund’s stock valued at $535,101,000 after buying an additional 58,130 shares during the period. Finally, Royal Bank of Canada boosted its stake in iShares IBoxx $ Invest Grade Corp Bd Fd by 3.7% during the second quarter. Royal Bank of Canada now owns 3,871,917 shares of the exchange traded fund’s stock valued at $466,606,000 after buying an additional 136,598 shares during the period.

Shares of iShares IBoxx $ Invest Grade Corp Bd Fd (LQD) opened at $120.44 on Wednesday. The stock has a market capitalization of $38,280.00 and a price-to-earnings ratio of 15.72. iShares IBoxx $ Invest Grade Corp Bd Fd has a 52 week low of $115.62 and a 52 week high of $121.85.

The firm also recently disclosed a monthly dividend, which was paid on Thursday, December 28th. Investors of record on Friday, December 22nd were paid a dividend of $0.2541 per share. This represents a $3.05 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend was Thursday, December 21st. iShares IBoxx $ Invest Grade Corp Bd Fd’s dividend payout ratio is 49.22%.

COPYRIGHT VIOLATION NOTICE: “Confluence Investment Management LLC Has $4.49 Million Stake in iShares IBoxx $ Invest Grade Corp Bd Fd (LQD)” was first reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright law. The original version of this story can be read at https://www.com-unik.info/2018/01/10/confluence-investment-management-llc-has-4-49-million-stake-in-ishares-iboxx-invest-grade-corp-bd-fd-lqd.html.

iShares IBoxx $ Invest Grade Corp Bd Fd 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 $ Invest Grade Corp Bd Fd (NYSEARCA:LQD).

Institutional Ownership by Quarter for iShares IBoxx $ Invest Grade Corp Bd Fd (NYSEARCA:LQD)

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