iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) Stock Price Down 0.2% – What’s Next?

iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB)’s stock price were down 0.2% on Tuesday . The stock traded as low as $87.26 and last traded at $87.26. Approximately 158 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 1,343 shares. The stock had previously closed at $87.40.

iShares BBB Rated Corporate Bond ETF Price Performance

The stock has a 50-day simple moving average of $87.81 and a 200-day simple moving average of $87.01.

Institutional Investors Weigh In On iShares BBB Rated Corporate Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Citadel Advisors LLC lifted its stake in iShares BBB Rated Corporate Bond ETF by 8.2% in the 3rd quarter. Citadel Advisors LLC now owns 22,480 shares of the company’s stock valued at $1,977,000 after purchasing an additional 1,706 shares during the last quarter. Bank of America Corp DE grew its stake in shares of iShares BBB Rated Corporate Bond ETF by 29.5% during the third quarter. Bank of America Corp DE now owns 45,370 shares of the company’s stock worth $3,991,000 after buying an additional 10,326 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its stake in shares of iShares BBB Rated Corporate Bond ETF by 5.0% during the third quarter. Integrated Wealth Concepts LLC now owns 7,400 shares of the company’s stock worth $651,000 after buying an additional 350 shares during the last quarter.

iShares BBB Rated Corporate Bond ETF Company Profile

The iShares BBB Rated Corporate Bond ETF (LQDB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of BBB rated USD denominated corporate bonds with at least one year to maturity. LQDB was launched on May 18, 2021 and is managed by BlackRock.