Beacon Financial Group Sells 16,427 Shares of iShares Interest Rate Hedged Corporate Bond ETF $LQDH

Beacon Financial Group cut its stake in shares of iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) by 23.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 53,117 shares of the company’s stock after selling 16,427 shares during the quarter. Beacon Financial Group’s holdings in iShares Interest Rate Hedged Corporate Bond ETF were worth $4,969,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its position in iShares Interest Rate Hedged Corporate Bond ETF by 305.8% in the first quarter. PNC Financial Services Group Inc. now owns 982 shares of the company’s stock valued at $91,000 after purchasing an additional 740 shares during the last quarter. WCG Wealth Advisors LLC increased its stake in shares of iShares Interest Rate Hedged Corporate Bond ETF by 7.9% in the first quarter. WCG Wealth Advisors LLC now owns 21,427 shares of the company’s stock worth $1,977,000 after buying an additional 1,567 shares during the period. CreativeOne Wealth LLC purchased a new position in shares of iShares Interest Rate Hedged Corporate Bond ETF in the first quarter worth $412,000. Royal Bank of Canada raised its holdings in iShares Interest Rate Hedged Corporate Bond ETF by 6.2% during the 1st quarter. Royal Bank of Canada now owns 23,312 shares of the company’s stock valued at $2,151,000 after buying an additional 1,367 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in iShares Interest Rate Hedged Corporate Bond ETF by 46.0% during the 1st quarter. Jane Street Group LLC now owns 32,600 shares of the company’s stock valued at $3,008,000 after buying an additional 10,273 shares during the period.

iShares Interest Rate Hedged Corporate Bond ETF Price Performance

Shares of iShares Interest Rate Hedged Corporate Bond ETF stock opened at $93.32 on Thursday. The company’s fifty day simple moving average is $93.19 and its two-hundred day simple moving average is $92.89. iShares Interest Rate Hedged Corporate Bond ETF has a 12-month low of $88.08 and a 12-month high of $94.44.

About iShares Interest Rate Hedged Corporate Bond ETF

The iShares Interest Rate Hedged Corporate Bond ETF (LQDH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index that holds iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), which targets USD-denominated investment corporate bonds, while mitigating duration risk.