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

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

iShares BBB Rated Corporate Bond ETF Price Performance

The business has a fifty day moving average price of $86.30 and a 200 day moving average price of $86.83.

Institutional Trading of iShares BBB Rated Corporate Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Harbour Investments Inc. lifted its position in shares of iShares BBB Rated Corporate Bond ETF by 146.0% during the 4th quarter. Harbour Investments Inc. now owns 984 shares of the company’s stock worth $86,000 after buying an additional 584 shares during the last quarter. Royal Bank of Canada acquired a new stake in iShares BBB Rated Corporate Bond ETF during the 1st quarter worth $334,000. Integrated Wealth Concepts LLC lifted its position in iShares BBB Rated Corporate Bond ETF by 4.5% in the first quarter. Integrated Wealth Concepts LLC now owns 6,950 shares of the company’s stock valued at $598,000 after acquiring an additional 300 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in iShares BBB Rated Corporate Bond ETF in the fourth quarter valued at $1,790,000. Finally, Citadel Advisors LLC boosted its stake in iShares BBB Rated Corporate Bond ETF by 8.2% in the third quarter. Citadel Advisors LLC now owns 22,480 shares of the company’s stock valued at $1,977,000 after acquiring an additional 1,706 shares in the last 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.