iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) Shares Up 0.2% – Time to Buy?

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

iShares BBB Rated Corporate Bond ETF Stock Performance

The firm has a 50-day moving average price of $84.08 and a two-hundred day moving average price of $85.39.

Institutional Investors Weigh In On iShares BBB Rated Corporate Bond ETF

A hedge fund recently bought a new stake in iShares BBB Rated Corporate Bond ETF stock. Royal Bank of Canada bought a new position in iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 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 reporting period.

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.