iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) Sees Large Volume Increase – Still a Buy?

iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) shares saw strong trading volume on Friday. 315,911 shares changed hands during trading, an increase of 565% from the average daily volume of 47,495 shares. The stock last traded at $92.0860 and had previously closed at $92.35.

iShares Interest Rate Hedged Corporate Bond ETF Stock Performance

The firm has a 50 day moving average price of $92.57 and a 200-day moving average price of $92.79.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. NBT Bank N A NY raised its holdings in shares of iShares Interest Rate Hedged Corporate Bond ETF by 340.9% in the 1st quarter. NBT Bank N A NY now owns 410 shares of the company’s stock valued at $38,000 after purchasing an additional 317 shares during the period. Signature Equity Partners LLC raised its holdings in iShares Interest Rate Hedged Corporate Bond ETF by 58.4% in the 1st quarter. Signature Equity Partners LLC now owns 491 shares of the company’s stock valued at $45,000 after acquiring an additional 181 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of iShares Interest Rate Hedged Corporate Bond ETF during the second quarter worth approximately $79,000. Western Wealth Management LLC bought a new position in shares of iShares Interest Rate Hedged Corporate Bond ETF during the first quarter worth approximately $95,000. Finally, Bogart Wealth LLC acquired a new stake in iShares Interest Rate Hedged Corporate Bond ETF during the 1st quarter worth approximately $139,000.

About iShares Interest Rate Hedged Corporate Bond ETF

The iShares Interest Rate Hedged Corporate Bond ETF (LQDH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index that holds iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), which targets USD-denominated investment corporate bonds, while mitigating duration risk. LQDH was launched on May 27, 2014 and is managed by BlackRock.