iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) Trading 0.4% Higher – Time to Buy?

iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) shares traded up 0.4% during trading on Wednesday . The company traded as high as $87.40 and last traded at $87.40. 1,192 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 1,646 shares. The stock had previously closed at $87.02.

iShares BBB Rated Corporate Bond ETF Stock Performance

The stock has a 50-day moving average of $87.38 and a two-hundred day moving average of $87.34.

Hedge Funds Weigh In On iShares BBB Rated Corporate Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of LQDB. Integrated Wealth Concepts LLC raised its position in shares of iShares BBB Rated Corporate Bond ETF by 4.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 6,950 shares of the company’s stock worth $598,000 after purchasing an additional 300 shares during the last quarter. Citadel Advisors LLC increased its stake in iShares BBB Rated Corporate Bond ETF by 8.2% during 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 in the last quarter. Finally, Bank of America Corp DE increased its stake in iShares BBB Rated Corporate Bond ETF by 29.5% during the 3rd quarter. Bank of America Corp DE now owns 45,370 shares of the company’s stock valued at $3,991,000 after purchasing an additional 10,326 shares in 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.