Traders purchased shares of iShares iBoxx $ Invmt Grade Corp Bd ETF (NYSEARCA:LQD) on weakness during trading hours on Thursday. $222.39 million flowed into the stock on the tick-up and $172.93 million flowed out of the stock on the tick-down, for a money net flow of $49.46 million into the stock. Of all stocks tracked, iShares iBoxx $ Invmt Grade Corp Bd ETF had the 7th highest net in-flow for the day. iShares iBoxx $ Invmt Grade Corp Bd ETF traded down ($0.24) for the day and closed at $121.13

The firm also recently declared a monthly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Monday, December 4th will be issued a dividend of $0.3223 per share. The ex-dividend date of this dividend is Friday, December 1st. This is a boost from iShares iBoxx $ Invmt Grade Corp Bd ETF’s previous monthly dividend of $0.32. This represents a $3.87 dividend on an annualized basis and a yield of 3.19%. iShares iBoxx $ Invmt Grade Corp Bd ETF’s dividend payout ratio (DPR) is currently 50.00%.

A number of large investors have recently bought and sold shares of LQD. Canada Pension Plan Investment Board bought a new stake in shares of iShares iBoxx $ Invmt Grade Corp Bd ETF in the second quarter worth about $646,392,000. Teachers Insurance & Annuity Association of America bought a new stake in shares of iShares iBoxx $ Invmt Grade Corp Bd ETF in the second quarter worth about $543,867,000. Dai Ichi Life Insurance Company Ltd increased its holdings in shares of iShares iBoxx $ Invmt Grade Corp Bd ETF by 930.0% in the second quarter. Dai Ichi Life Insurance Company Ltd now owns 4,355,800 shares of the exchange traded fund’s stock worth $524,917,000 after purchasing an additional 3,932,920 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of iShares iBoxx $ Invmt Grade Corp Bd ETF by 1,465.6% in the second quarter. JPMorgan Chase & Co. now owns 3,973,209 shares of the exchange traded fund’s stock worth $478,811,000 after purchasing an additional 3,719,431 shares during the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of iShares iBoxx $ Invmt Grade Corp Bd ETF in the second quarter worth about $171,379,000.

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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.

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