iShares Inflation Hedged Corporate Bond ETF (BATS:LQDI) Shares Down 0.2% – Should You Sell?

iShares Inflation Hedged Corporate Bond ETF (BATS:LQDI) traded down 0.2% during mid-day trading on Thursday . The company traded as low as $25.70 and last traded at $25.77. 16,747 shares traded hands during trading, an increase of 80% from the average daily volume of 9,321 shares. The stock had previously closed at $25.83.

iShares Inflation Hedged Corporate Bond ETF Price Performance

The firm’s 50-day moving average is $26.15 and its 200-day moving average is $26.32.

Hedge Funds Weigh In On iShares Inflation Hedged Corporate Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Osaic Holdings Inc. increased its position in shares of iShares Inflation Hedged Corporate Bond ETF by 537.1% during the 2nd quarter. Osaic Holdings Inc. now owns 5,046 shares of the company’s stock valued at $133,000 after purchasing an additional 4,254 shares during the last quarter. Raymond James Financial Inc. bought a new stake in iShares Inflation Hedged Corporate Bond ETF in the 2nd quarter worth approximately $141,000. Bank of America Corp DE lifted its position in iShares Inflation Hedged Corporate Bond ETF by 39.3% in the 3rd quarter. Bank of America Corp DE now owns 8,702 shares of the company’s stock worth $234,000 after buying an additional 2,455 shares during the last quarter. ABLE Financial Group LLC boosted its stake in iShares Inflation Hedged Corporate Bond ETF by 7.7% in the fourth quarter. ABLE Financial Group LLC now owns 10,094 shares of the company’s stock worth $267,000 after buying an additional 722 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in iShares Inflation Hedged Corporate Bond ETF in the second quarter worth approximately $472,000.

About iShares Inflation Hedged Corporate Bond ETF

The iShares Inflation Hedged Corporate Bond ETF (LQDI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index that holds the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), which targets investment-grade corporate bond, while using swaps to hedge inflation risk. LQDI was launched on May 8, 2018 and is managed by BlackRock.