Stifel Financial Corp Reduces Stake in iShares Interest Rate Hedged Corporate Bond ETF (LQDH)

Stifel Financial Corp cut its position in iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) by 28.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,774 shares of the company’s stock after selling 1,526 shares during the quarter. Stifel Financial Corp’s holdings in iShares Interest Rate Hedged Corporate Bond ETF were worth $344,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Castle Rock Wealth Management LLC acquired a new position in iShares Interest Rate Hedged Corporate Bond ETF during the 4th quarter worth $216,000. Titus Wealth Management grew its stake in iShares Interest Rate Hedged Corporate Bond ETF by 3.1% during the 4th quarter. Titus Wealth Management now owns 4,306 shares of the company’s stock worth $390,000 after purchasing an additional 130 shares in the last quarter. Raymond James & Associates acquired a new position in iShares Interest Rate Hedged Corporate Bond ETF during the 4th quarter worth $515,000. JPMorgan Chase & Co. acquired a new position in iShares Interest Rate Hedged Corporate Bond ETF during the 3rd quarter worth $663,000. Finally, Capital Investment Advisory Services LLC grew its stake in iShares Interest Rate Hedged Corporate Bond ETF by 313.0% during the 4th quarter. Capital Investment Advisory Services LLC now owns 9,825 shares of the company’s stock worth $891,000 after purchasing an additional 7,446 shares in the last quarter.

LQDH opened at $94.36 on Wednesday. iShares Interest Rate Hedged Corporate Bond ETF has a 12 month low of $90.17 and a 12 month high of $97.47.

The business also recently announced a monthly dividend, which was paid on Monday, April 8th. Investors of record on Wednesday, April 3rd were paid a dividend of $0.2613 per share. This represents a $3.14 annualized dividend and a yield of 3.32%. This is a boost from iShares Interest Rate Hedged Corporate Bond ETF’s previous monthly dividend of $0.26. The ex-dividend date of this dividend was Tuesday, April 2nd.

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Further Reading: Sell-Side Analysts

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Institutional Ownership by Quarter for iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH)

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