iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB – Get Free Report) rose 0% on Friday . The company traded as high as $85.61 and last traded at $85.55. 1,197 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 5,017 shares. The stock had previously closed at $85.53.
iShares BBB Rated Corporate Bond ETF Stock Performance
The company has a 50-day moving average of $86.06 and a 200-day moving average of $86.67.
Institutional Trading of iShares BBB Rated Corporate Bond ETF
A number of institutional investors and hedge funds have recently modified their holdings of the business. Integrated Wealth Concepts LLC lifted 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 buying an additional 300 shares during the last quarter. Bank of America Corp DE grew its position in shares of 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 buying an additional 10,326 shares during the last quarter. Citadel Advisors LLC raised its stake in iShares BBB Rated Corporate Bond ETF by 8.2% during the third quarter. Citadel Advisors LLC now owns 22,480 shares of the company’s stock worth $1,977,000 after acquiring an additional 1,706 shares during the period. Harbour Investments Inc. lifted its holdings in iShares BBB Rated Corporate Bond ETF by 146.0% in the fourth quarter. Harbour Investments Inc. now owns 984 shares of the company’s stock worth $86,000 after acquiring an additional 584 shares during the last quarter. Finally, Goldman Sachs Group Inc. bought a new position in iShares BBB Rated Corporate Bond ETF in the fourth quarter worth about $1,790,000.
About iShares BBB Rated Corporate Bond ETF
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.
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