With equities dominating the portfolio, this quiet bond allocation says more about risk control than return chasing.
Illinois-based LaSalle St. Investment Advisors established a new position in the iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD +0.08%), adding 135,360 shares valued at approximately $6.88 million during the third quarter, according to a November 13 SEC filing.
What Happened
According to a filing with the Securities and Exchange Commission dated November 13, LaSalle St. Investment Advisors reported a new investment in the iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD +0.08%). The firm disclosed ownership of 135,360 shares, reflecting an estimated $6.88 million position as of September 30.
What Else to Know
The new position accounts for 1.23% of the fund’s reportable assets under management.
Top holdings after the filing:
- NYSEMKT:VTI: $78.15…
