iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) Sees Unusually-High Trading Volume – Time to Buy?

iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) saw unusually-high trading volume on Wednesday . Approximately 133,978 shares were traded during trading, an increase of 90% from the previous session’s volume of 70,690 shares.The stock last traded at $92.26 and had previously closed at $92.04.

iShares Interest Rate Hedged Corporate Bond ETF Price Performance

The business has a 50 day simple moving average of $93.00 and a 200 day simple moving average of $93.17.

Institutional Trading of iShares Interest Rate Hedged Corporate Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of LQDH. Royal Bank of Canada boosted its stake in iShares Interest Rate Hedged Corporate Bond ETF by 6.2% during the 1st quarter. Royal Bank of Canada now owns 23,312 shares of the company’s stock valued at $2,151,000 after purchasing an additional 1,367 shares during the period. Jane Street Group LLC increased its position in iShares Interest Rate Hedged Corporate Bond ETF by 46.0% in the 1st quarter. Jane Street Group LLC now owns 32,600 shares of the company’s stock worth $3,008,000 after buying an additional 10,273 shares during the period. PNC Financial Services Group Inc. increased its position in iShares Interest Rate Hedged Corporate Bond ETF by 38.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,364 shares of the company’s stock worth $126,000 after buying an additional 382 shares during the period. Cetera Investment Advisers lifted its holdings in shares of iShares Interest Rate Hedged Corporate Bond ETF by 84.3% during the second quarter. Cetera Investment Advisers now owns 19,412 shares of the company’s stock worth $1,794,000 after buying an additional 8,880 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of iShares Interest Rate Hedged Corporate Bond ETF by 724.2% during the second quarter. JPMorgan Chase & Co. now owns 54,886 shares of the company’s stock worth $5,071,000 after buying an additional 48,227 shares during the last quarter.

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.