Beacon Financial Group Decreases Stock Holdings in iShares Interest Rate Hedged Corporate Bond ETF $LQDH

Beacon Financial Group reduced its stake in shares of iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) by 92.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 3,984 shares of the company’s stock after selling 46,538 shares during the quarter. Beacon Financial Group’s holdings in iShares Interest Rate Hedged Corporate Bond ETF were worth $368,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in LQDH. Leo Wealth LLC lifted its position in shares of iShares Interest Rate Hedged Corporate Bond ETF by 132.8% during the 4th quarter. Leo Wealth LLC now owns 262,375 shares of the company’s stock valued at $24,500,000 after acquiring an additional 149,654 shares during the period. Harbour Wealth Management Group Inc. purchased a new stake in shares of iShares Interest Rate Hedged Corporate Bond ETF during the 4th quarter worth approximately $8,961,000. JPMorgan Chase & Co. grew its holdings in shares of iShares Interest Rate Hedged Corporate Bond ETF by 724.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 54,886 shares of the company’s stock worth $5,071,000 after acquiring an additional 48,227 shares during the period. LPL Financial LLC grew its holdings in shares of iShares Interest Rate Hedged Corporate Bond ETF by 12.9% in the 4th quarter. LPL Financial LLC now owns 393,935 shares of the company’s stock worth $36,774,000 after acquiring an additional 45,039 shares during the period. Finally, Twelve Points Wealth Management LLC increased its stake in iShares Interest Rate Hedged Corporate Bond ETF by 316.3% in the 4th quarter. Twelve Points Wealth Management LLC now owns 55,452 shares of the company’s stock valued at $5,189,000 after purchasing an additional 42,133 shares in the last quarter.

iShares Interest Rate Hedged Corporate Bond ETF Stock Down 0.2%

Shares of LQDH stock opened at $92.51 on Friday. The stock has a fifty day moving average price of $93.15 and a 200 day moving average price of $93.01. iShares Interest Rate Hedged Corporate Bond ETF has a 1 year low of $91.15 and a 1 year high of $94.38.

iShares Interest Rate Hedged Corporate Bond ETF Company Profile

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. LQDH was launched on May 27, 2014 and is managed by BlackRock.