iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) Stock Price Down 0% – Here’s Why

iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDBGet Free Report) dropped 0% during trading on Friday . The stock traded as low as $86.64 and last traded at $86.66. 1,850 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 5,310 shares. The stock had previously closed at $86.67.

iShares BBB Rated Corporate Bond ETF Stock Down 0.0%

The business has a fifty day simple moving average of $86.30 and a two-hundred day simple moving average of $86.83.

Institutional Investors Weigh In On iShares BBB Rated Corporate Bond ETF

A number of hedge funds have recently modified their holdings of the business. Royal Bank of Canada acquired a new position in iShares BBB Rated Corporate Bond ETF during the first quarter worth about $334,000. Integrated Wealth Concepts LLC raised its holdings in iShares BBB Rated Corporate Bond ETF by 1.7% in the 4th quarter. Integrated Wealth Concepts LLC now owns 7,525 shares of the company’s stock valued at $656,000 after acquiring an additional 125 shares during the last quarter. Jane Street Group LLC lifted its position in iShares BBB Rated Corporate Bond ETF by 41.9% during the fourth quarter. Jane Street Group LLC now owns 28,557 shares of the company’s stock worth $2,488,000 after buying an additional 8,433 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in iShares BBB Rated Corporate Bond ETF in the 4th quarter valued at $1,790,000. Finally, Harbour Investments Inc. increased its stake in shares of iShares BBB Rated Corporate Bond ETF by 146.0% in the 4th 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.

iShares BBB Rated Corporate Bond ETF Company Profile

(Get Free Report)

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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