iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) Shares Down 0.3% – Here’s Why

iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB)’s share price dropped 0.3% on Wednesday . The stock traded as low as $84.77 and last traded at $84.92. Approximately 1,497 shares were traded during mid-day trading, an increase of 57% from the average daily volume of 954 shares. The stock had previously closed at $85.14.

iShares BBB Rated Corporate Bond ETF Trading Up 0.1 %

The stock’s fifty day moving average price is $86.05 and its 200-day moving average price is $86.57.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in iShares BBB Rated Corporate Bond ETF stock. Integrated Wealth Concepts LLC raised its stake in iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) by 4.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,150 shares of the company’s stock after buying an additional 250 shares during the quarter. Integrated Wealth Concepts LLC owned 1.54% of iShares BBB Rated Corporate Bond ETF worth $544,000 at the end of the most recent reporting period.

iShares BBB Rated Corporate Bond ETF Company Profile

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.