iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) Stock Jumps 0.2% – Still a Buy?

iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB)’s stock price traded up 0.2% during mid-day trading on Tuesday. The stock traded as high as $82.19 and last traded at $82.19. Approximately 2,099 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 4,381 shares. The stock had previously closed at $81.99.

iShares BBB Rated Corporate Bond ETF Stock Performance

The business has a fifty day simple moving average of $84.02 and a two-hundred day simple moving average of $85.36.

Institutional Trading of iShares BBB Rated Corporate Bond ETF

An institutional investor recently bought a new stake in iShares BBB Rated Corporate Bond ETF stock. Royal Bank of Canada acquired a new position in shares of iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,863 shares of the company’s stock, valued at approximately $334,000. Royal Bank of Canada owned approximately 0.64% of iShares BBB Rated Corporate Bond ETF at the end of the most recent quarter.

About iShares BBB Rated Corporate Bond ETF

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.