iShares Investment Grade Corporate Bond BuyWrite Strategy ETF (BATS:LQDW) Trading Up 0.6% – Here’s Why

iShares Investment Grade Corporate Bond BuyWrite Strategy ETF (BATS:LQDW) were up 0.6% during mid-day trading on Wednesday . The company traded as high as $23.80 and last traded at $23.80. Approximately 18,547 shares traded hands during trading, a decline of 71% from the average daily volume of 64,925 shares. The stock had previously closed at $23.65.

iShares Investment Grade Corporate Bond BuyWrite Strategy ETF Trading Up 0.1%

The stock has a fifty day moving average of $24.01 and a 200-day moving average of $24.45.

Hedge Funds Weigh In On iShares Investment Grade Corporate Bond BuyWrite Strategy ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in LQDW. Prime Capital Investment Advisors LLC lifted its position in iShares Investment Grade Corporate Bond BuyWrite Strategy ETF by 6.3% in the third quarter. Prime Capital Investment Advisors LLC now owns 335,819 shares of the company’s stock valued at $8,486,000 after purchasing an additional 19,899 shares during the period. Janney Montgomery Scott LLC acquired a new stake in iShares Investment Grade Corporate Bond BuyWrite Strategy ETF in the first quarter valued at about $410,000. Private Trust Co. NA lifted its position in iShares Investment Grade Corporate Bond BuyWrite Strategy ETF by 107.1% in the fourth quarter. Private Trust Co. NA now owns 11,600 shares of the company’s stock valued at $285,000 after purchasing an additional 6,000 shares during the period. Finally, Triumph Capital Management acquired a new stake in iShares Investment Grade Corporate Bond BuyWrite Strategy ETF in the third quarter valued at about $201,000.

iShares Investment Grade Corporate Bond BuyWrite Strategy ETF Company Profile

The iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW) is an exchange-traded fund that is based on the CBOE LQD BuyWrite index. The fund uses a fund-of-fund approach to passively track an index that measures the performance of holding shares of the iShares iBoxx USD Investment Grade Corporate Bond ETF and writes one-month call options against the shares. LQDW was launched on Aug 18, 2022 and is managed by BlackRock.