iShares Inflation Hedged Corporate Bond ETF (BATS:LQDI) Shares Down 0.4% – Here’s What Happened

iShares Inflation Hedged Corporate Bond ETF (BATS:LQDI) fell 0.4% during trading on Friday . The company traded as low as $26.4374 and last traded at $26.4050. 5,655 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 13,838 shares. The stock had previously closed at $26.5048.

iShares Inflation Hedged Corporate Bond ETF Trading Down 0.4%

The stock has a fifty day moving average price of $26.63 and a two-hundred day moving average price of $26.60.

Institutional Investors Weigh In On iShares Inflation Hedged Corporate Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in LQDI. ABLE Financial Group LLC lifted its stake in iShares Inflation Hedged Corporate Bond ETF by 6.4% during the third quarter. ABLE Financial Group LLC now owns 9,372 shares of the company’s stock worth $252,000 after purchasing an additional 562 shares during the last quarter. Bank of America Corp DE increased its stake in shares of 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 valued at $234,000 after purchasing an additional 2,455 shares during the last quarter. Ameritas Advisory Services LLC raised its holdings in shares of iShares Inflation Hedged Corporate Bond ETF by 42.0% during the 2nd quarter. Ameritas Advisory Services LLC now owns 12,066 shares of the company’s stock worth $318,000 after buying an additional 3,570 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of iShares Inflation Hedged Corporate Bond ETF by 537.1% in the second quarter. Osaic Holdings Inc. now owns 5,046 shares of the company’s stock worth $133,000 after acquiring an additional 4,254 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in iShares Inflation Hedged Corporate Bond ETF in the 2nd quarter valued at approximately $141,000.

iShares Inflation Hedged Corporate Bond ETF Company Profile

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.