Sumitomo Mitsui Financial Group Inc. Has $106.53 Million Position in iShares iBoxx $ Invmt Grade Corp Bd ETF (NYSEARCA:LQD)

Sumitomo Mitsui Financial Group Inc. lessened its holdings in shares of iShares iBoxx $ Invmt Grade Corp Bd ETF (NYSEARCA:LQD) by 38.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 878,743 shares of the exchange traded fund’s stock after selling 543,369 shares during the period. iShares iBoxx $ Invmt Grade Corp Bd ETF accounts for about 12.6% of Sumitomo Mitsui Financial Group Inc.’s portfolio, making the stock its 3rd largest position. Sumitomo Mitsui Financial Group Inc. owned 0.28% of iShares iBoxx $ Invmt Grade Corp Bd ETF worth $106,530,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Wellington Shields Capital Management LLC grew its position in shares of iShares iBoxx $ Invmt Grade Corp Bd ETF by 14.3% in the 2nd quarter. Wellington Shields Capital Management LLC now owns 2,000 shares of the exchange traded fund’s stock valued at $241,000 after buying an additional 250 shares during the last quarter. Alexandria Capital LLC grew its holdings in iShares iBoxx $ Invmt Grade Corp Bd ETF by 2.7% during the second quarter. Alexandria Capital LLC now owns 88,811 shares of the exchange traded fund’s stock valued at $10,703,000 after purchasing an additional 2,350 shares during the period. Park Avenue Securities LLC purchased a new stake in shares of iShares iBoxx $ Invmt Grade Corp Bd ETF during the second quarter worth $16,618,000. Wealth Enhancement Advisory Services LLC raised its position in shares of iShares iBoxx $ Invmt Grade Corp Bd ETF by 13.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 283,867 shares of the exchange traded fund’s stock worth $34,016,000 after buying an additional 34,345 shares in the last quarter. Finally, Harbour Capital Advisors LLC grew its stake in shares of iShares iBoxx $ Invmt Grade Corp Bd ETF by 11,951.0% during the second quarter. Harbour Capital Advisors LLC now owns 988,061 shares of the exchange traded fund’s stock valued at $8,199,000 after buying an additional 979,862 shares during the last quarter.

Shares of iShares iBoxx $ Invmt Grade Corp Bd ETF (NYSEARCA LQD) traded down $0.39 during midday trading on Thursday, reaching $120.98. 4,801,400 shares of the company were exchanged, compared to its average volume of 5,082,194. iShares iBoxx $ Invmt Grade Corp Bd ETF has a 52 week low of $115.55 and a 52 week high of $121.81.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Monday, December 4th will be given a dividend of $0.3223 per share. This is an increase from iShares iBoxx $ Invmt Grade Corp Bd ETF’s previous monthly dividend of $0.32. The ex-dividend date is Friday, December 1st. This represents a $3.87 dividend on an annualized basis and a dividend yield of 3.20%. iShares iBoxx $ Invmt Grade Corp Bd ETF’s payout ratio is presently 50.00%.

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iShares iBoxx $ Invmt Grade Corp Bd 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.

Institutional Ownership by Quarter for iShares iBoxx $ Invmt Grade Corp Bd ETF (NYSEARCA:LQD)

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