Northwestern Mutual Wealth Management Co. Buys 13,278 Shares of iShares Interest Rate Hedged Corporate Bond ETF $LQDH

Northwestern Mutual Wealth Management Co. lifted its position in shares of iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) by 119.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,358 shares of the company’s stock after purchasing an additional 13,278 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.45% of iShares Interest Rate Hedged Corporate Bond ETF worth $2,274,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Royal Bank of Canada lifted its holdings in iShares Interest Rate Hedged Corporate Bond ETF by 6.2% in the first quarter. Royal Bank of Canada now owns 23,312 shares of the company’s stock worth $2,151,000 after buying an additional 1,367 shares during the period. Jane Street Group LLC lifted its holdings in iShares Interest Rate Hedged Corporate Bond ETF by 46.0% in the first 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. JPMorgan Chase & Co. lifted its holdings in iShares Interest Rate Hedged Corporate Bond ETF by 724.2% in 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 period. First Trust Advisors LP purchased a new stake in iShares Interest Rate Hedged Corporate Bond ETF in the second quarter worth about $332,000. Finally, Diversify Advisory Services LLC purchased a new stake in iShares Interest Rate Hedged Corporate Bond ETF in the second quarter worth about $203,000.

iShares Interest Rate Hedged Corporate Bond ETF Stock Performance

Shares of LQDH opened at $93.12 on Friday. iShares Interest Rate Hedged Corporate Bond ETF has a one year low of $91.15 and a one year high of $94.38. The company has a 50-day simple moving average of $92.86 and a two-hundred day simple moving average of $93.03.

About iShares Interest Rate Hedged Corporate Bond ETF

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.