iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) Sees Strong Trading Volume – Still a Buy?

iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) shares saw an uptick in trading volume on Friday. Approximately 315,911 shares were traded during trading, an increase of 565% from the average daily volume of 47,495 shares. The stock last traded at $92.0860 and had previously closed at $92.35.

iShares Interest Rate Hedged Corporate Bond ETF Stock Down 0.3%

The stock’s fifty day simple moving average is $92.56 and its 200-day simple moving average is $92.78.

Institutional Trading of iShares Interest Rate Hedged Corporate Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Signature Equity Partners LLC lifted its holdings in shares of iShares Interest Rate Hedged Corporate Bond ETF by 58.4% in the 1st quarter. Signature Equity Partners LLC now owns 491 shares of the company’s stock worth $45,000 after purchasing an additional 181 shares during the last quarter. NBT Bank N A NY grew its stake in iShares Interest Rate Hedged Corporate Bond ETF by 340.9% during the 1st quarter. NBT Bank N A NY now owns 410 shares of the company’s stock worth $38,000 after buying an additional 317 shares during the last quarter. Private Advisor Group LLC grew its stake in iShares Interest Rate Hedged Corporate Bond ETF by 13.8% during the 1st quarter. Private Advisor Group LLC now owns 2,766 shares of the company’s stock worth $255,000 after buying an additional 336 shares during the last quarter. Capital Square LLC increased its position in iShares Interest Rate Hedged Corporate Bond ETF by 20.1% in the third quarter. Capital Square LLC now owns 2,739 shares of the company’s stock worth $254,000 after buying an additional 459 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new stake in iShares Interest Rate Hedged Corporate Bond ETF in the second quarter worth $79,000.

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.