iShares Investment Grade Corporate Bond BuyWrite Strategy ETF (BATS:LQDW) Trading 0.3% Higher – Here’s Why

Shares of iShares Investment Grade Corporate Bond BuyWrite Strategy ETF (BATS:LQDW) traded up 0.3% during trading on Monday . The stock traded as high as $23.53 and last traded at $23.50. Approximately 72,040 shares changed hands during mid-day trading, a decline of 8% from the average daily volume of 78,100 shares. The stock had previously closed at $23.43.

iShares Investment Grade Corporate Bond BuyWrite Strategy ETF Trading Up 0.3%

The stock’s 50-day moving average is $23.78 and its two-hundred day moving average is $24.10.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Triumph Capital Management purchased a new position in shares of iShares Investment Grade Corporate Bond BuyWrite Strategy ETF during the third quarter worth $201,000. Private Trust Co. NA grew its stake in shares of iShares Investment Grade Corporate Bond BuyWrite Strategy ETF by 107.1% in the fourth quarter. Private Trust Co. NA now owns 11,600 shares of the company’s stock valued at $285,000 after buying an additional 6,000 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of iShares Investment Grade Corporate Bond BuyWrite Strategy ETF in the 1st quarter valued at $410,000.

iShares Investment Grade Corporate Bond BuyWrite Strategy ETF Company Profile

The iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW) is an exchange-traded fund that is based on the CBOE LQD BuyWrite index. The fund uses a fund-of-fund approach to passively track an index that measures the performance of holding shares of the iShares iBoxx USD Investment Grade Corporate Bond ETF and writes one-month call options against the shares. LQDW was launched on Aug 18, 2022 and is managed by BlackRock.