Investors purchased shares of iShares IBoxx $ Invest Grade Corp Bd Fd (NYSE:LQD) on weakness during trading on Monday. $106.68 million flowed into the stock on the tick-up and $31.38 million flowed out of the stock on the tick-down, for a money net flow of $75.30 million into the stock. Of all companies tracked, iShares IBoxx $ Invest Grade Corp Bd Fd had the 8th highest net in-flow for the day. iShares IBoxx $ Invest Grade Corp Bd Fd traded down ($0.14) for the day and closed at $121.41
The stock’s 50 day moving average price is $120.55 and its 200 day moving average price is $118.67.
The firm also recently disclosed a monthly dividend, which was paid on Monday, July 10th. Stockholders of record on Thursday, July 6th were given a $0.3202 dividend. The ex-dividend date of this dividend was Monday, July 3rd. This is a boost from iShares IBoxx $ Invest Grade Corp Bd Fd’s previous monthly dividend of $0.32. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.16%.
Several hedge funds have recently bought and sold shares of the stock. Mutual of Omaha Bank Wealth Management boosted its stake in iShares IBoxx $ Invest Grade Corp Bd Fd by 21.4% in the second quarter. Mutual of Omaha Bank Wealth Management now owns 4,485 shares of the exchange traded fund’s stock worth $540,000 after buying an additional 790 shares during the period. Twele Capital Management Inc. boosted its stake in iShares IBoxx $ Invest Grade Corp Bd Fd by 86.6% in the second quarter. Twele Capital Management Inc. now owns 74,450 shares of the exchange traded fund’s stock worth $8,972,000 after buying an additional 34,548 shares during the period. Finally, E&G Advisors LP boosted its stake in iShares IBoxx $ Invest Grade Corp Bd Fd by 2.7% in the second quarter. E&G Advisors LP now owns 149,150 shares of the exchange traded fund’s stock worth $17,974,000 after buying an additional 3,866 shares during the period.
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.
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