Hutchens Investment Management Inc Boosts Stake in iShares IBoxx $ Invest Grade Corp Bd Fd (LQD)

Hutchens Investment Management Inc lifted its position in iShares IBoxx $ Invest Grade Corp Bd Fd (NYSEARCA:LQD) by 16.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,725 shares of the exchange traded fund’s stock after buying an additional 1,500 shares during the quarter. Hutchens Investment Management Inc’s holdings in iShares IBoxx $ Invest Grade Corp Bd Fd were worth $1,303,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Novare Capital Management LLC acquired a new stake in shares of iShares IBoxx $ Invest Grade Corp Bd Fd during the third quarter worth $108,000. Westwood Holdings Group Inc. acquired a new stake in shares of iShares IBoxx $ Invest Grade Corp Bd Fd during the second quarter worth $129,000. Captrust Financial Advisors acquired a new stake in shares of iShares IBoxx $ Invest Grade Corp Bd Fd during the second quarter worth $131,000. Sandy Spring Bank raised its position in shares of iShares IBoxx $ Invest Grade Corp Bd Fd by 49.9% during the second quarter. Sandy Spring Bank now owns 1,352 shares of the exchange traded fund’s stock worth $163,000 after purchasing an additional 450 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC raised its position in shares of iShares IBoxx $ Invest Grade Corp Bd Fd by 45.9% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 1,367 shares of the exchange traded fund’s stock worth $166,000 after purchasing an additional 430 shares during the period.

iShares IBoxx $ Invest Grade Corp Bd Fd (NYSEARCA LQD) traded down $0.12 during trading hours on Wednesday, reaching $120.32. The company had a trading volume of 7,621,700 shares, compared to its average volume of 6,432,283. The firm has a market capitalization of $38,280.00 and a price-to-earnings ratio of 15.71. 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 declared a monthly dividend, which was paid on Thursday, December 28th. Investors of record on Friday, December 22nd were given 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 payout ratio is 49.22%.

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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.

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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