iShares Inflation Hedged Corporate Bond ETF (BATS:LQDI) Stock Price Down 0.2% – Should You Sell?

iShares Inflation Hedged Corporate Bond ETF (BATS:LQDIGet Free Report) dropped 0.2% during mid-day trading on Thursday . The stock traded as low as $25.70 and last traded at $25.77. Approximately 16,747 shares changed hands during trading, an increase of 80% from the average session volume of 9,321 shares. The stock had previously closed at $25.83.

iShares Inflation Hedged Corporate Bond ETF Stock Up 0.2%

The business’s 50 day moving average is $26.13 and its 200-day moving average is $26.32.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. grew its stake in iShares Inflation Hedged Corporate Bond ETF by 537.1% in the second quarter. Osaic Holdings Inc. now owns 5,046 shares of the company’s stock valued at $133,000 after acquiring an additional 4,254 shares during the period. Raymond James Financial Inc. bought a new position in shares of iShares Inflation Hedged Corporate Bond ETF during the 2nd quarter valued at about $141,000. Bank of America Corp DE lifted its holdings in shares of iShares Inflation Hedged Corporate Bond ETF by 39.3% during the 3rd quarter. Bank of America Corp DE now owns 8,702 shares of the company’s stock valued at $234,000 after purchasing an additional 2,455 shares in the last quarter. ABLE Financial Group LLC grew its position in shares of iShares Inflation Hedged Corporate Bond ETF by 7.7% in the 4th quarter. ABLE Financial Group LLC now owns 10,094 shares of the company’s stock valued at $267,000 after purchasing an additional 722 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of iShares Inflation Hedged Corporate Bond ETF in the 2nd quarter valued at approximately $472,000.

About iShares Inflation Hedged Corporate Bond ETF

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The iShares Inflation Hedged Corporate Bond ETF (LQDI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index that holds the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), which targets investment-grade corporate bond, while using swaps to hedge inflation risk. LQDI was launched on May 8, 2018 and is managed by BlackRock.

Further Reading

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