iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) Reaches New 52-Week High at $113.09

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) hit a new 52-week high on Wednesday . The company traded as high as $113.09 and last traded at $113.05, with a volume of 9247166 shares changing hands. The stock had previously closed at $112.89.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

The stock’s fifty day simple moving average is $110.24 and its two-hundred day simple moving average is $108.24.

Hedge Funds Weigh In On iShares iBoxx $ Investment Grade Corporate Bond ETF

A number of hedge funds have recently modified their holdings of the stock. Thompson Investment Management Inc. lifted its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 95.7% in the 1st quarter. Thompson Investment Management Inc. now owns 225 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 110 shares in the last quarter. ORG Partners LLC acquired a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the second quarter worth $28,000. PSI Advisors LLC raised its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 81.7% during the second quarter. PSI Advisors LLC now owns 278 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 125 shares during the period. Anfield Capital Management LLC purchased a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF in the 2nd quarter worth about $39,000. Finally, 1620 Investment Advisors Inc. acquired a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the 2nd quarter worth about $46,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

iShares iBoxx $ Investment Grade Corporate Bond 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.