iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB – Get Free Report) traded up 0.3% during trading on Friday . The company traded as high as $85.80 and last traded at $85.74. 3,892 shares traded hands during mid-day trading, an increase of 249% from the average session volume of 1,116 shares. The stock had previously closed at $85.48.
iShares BBB Rated Corporate Bond ETF Price Performance
The business has a 50-day moving average of $85.27 and a 200 day moving average of $86.50.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of LQDB. Integrated Wealth Concepts LLC grew its stake in shares of iShares BBB Rated Corporate Bond ETF by 4.2% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,150 shares of the company’s stock worth $544,000 after acquiring an additional 250 shares during the period. Bank of New York Mellon Corp grew its stake in shares of iShares BBB Rated Corporate Bond ETF by 496.3% during the 4th quarter. Bank of New York Mellon Corp now owns 26,004 shares of the company’s stock worth $2,208,000 after acquiring an additional 21,643 shares during the period. Insight Wealth Partners LLC bought a new position in shares of iShares BBB Rated Corporate Bond ETF during the 3rd quarter worth $2,216,000. Finally, Jane Street Group LLC grew its stake in shares of iShares BBB Rated Corporate Bond ETF by 355.3% during the 4th quarter. Jane Street Group LLC now owns 44,748 shares of the company’s stock worth $3,800,000 after acquiring an additional 34,920 shares during the 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.
Further Reading
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