Hilltop Holdings Inc. Lowers Stake in iShares IBoxx $ Invest Grade Corp Bd Fd (LQD)

Hilltop Holdings Inc. reduced its position in iShares IBoxx $ Invest Grade Corp Bd Fd (NYSEARCA:LQD) by 84.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 21,639 shares of the exchange traded fund’s stock after selling 115,991 shares during the period. Hilltop Holdings Inc.’s holdings in iShares IBoxx $ Invest Grade Corp Bd Fd were worth $2,540,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LQD. California Public Employees Retirement System acquired a new stake in shares of iShares IBoxx $ Invest Grade Corp Bd Fd in the 4th quarter valued at $2,398,000. Daiwa Securities Group Inc. increased its stake in shares of iShares IBoxx $ Invest Grade Corp Bd Fd by 11.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 29,000 shares of the exchange traded fund’s stock valued at $3,525,000 after buying an additional 2,900 shares during the period. Whittier Trust Co. increased its stake in shares of iShares IBoxx $ Invest Grade Corp Bd Fd by 200.8% in the 4th quarter. Whittier Trust Co. now owns 10,102 shares of the exchange traded fund’s stock valued at $1,228,000 after buying an additional 6,744 shares during the period. Pinnacle Financial Partners Inc. acquired a new stake in shares of iShares IBoxx $ Invest Grade Corp Bd Fd in the 4th quarter valued at $939,000. Finally, Wells Fargo & Company MN increased its stake in shares of iShares IBoxx $ Invest Grade Corp Bd Fd by 14.4% in the 4th quarter. Wells Fargo & Company MN now owns 5,094,752 shares of the exchange traded fund’s stock valued at $619,319,000 after buying an additional 640,741 shares during the period.

Shares of iShares IBoxx $ Invest Grade Corp Bd Fd opened at $114.70 on Thursday, Marketbeat Ratings reports. iShares IBoxx $ Invest Grade Corp Bd Fd has a 12 month low of $113.72 and a 12 month high of $121.85.

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 7th. Investors of record on Monday, June 4th were paid a dividend of $0.3587 per share. The ex-dividend date of this dividend was Friday, June 1st. This is a boost from iShares IBoxx $ Invest Grade Corp Bd Fd’s previous monthly dividend of $0.33. This represents a $4.30 dividend on an annualized basis and a dividend yield of 3.75%.

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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