Northwestern Mutual Wealth Management Co. Buys 13,278 Shares of iShares Interest Rate Hedged Corporate Bond ETF $LQDH

Northwestern Mutual Wealth Management Co. boosted its stake in iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) by 119.8% in the fourth quarter, HoldingsChannel reports. The firm owned 24,358 shares of the company’s stock after acquiring an additional 13,278 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares Interest Rate Hedged Corporate Bond ETF were worth $2,274,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Spire Wealth Management grew its position in iShares Interest Rate Hedged Corporate Bond ETF by 784.4% in the 4th quarter. Spire Wealth Management now owns 283 shares of the company’s stock worth $26,000 after purchasing an additional 251 shares during the period. Harbor Asset Planning Inc. bought a new stake in iShares Interest Rate Hedged Corporate Bond ETF in the 4th quarter worth approximately $42,000. Geneos Wealth Management Inc. bought a new stake in shares of iShares Interest Rate Hedged Corporate Bond ETF during the 2nd quarter valued at $135,000. PNC Financial Services Group Inc. grew its position in shares of iShares Interest Rate Hedged Corporate Bond ETF by 25.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,712 shares of the company’s stock valued at $160,000 after acquiring an additional 348 shares during the period. Finally, Diversify Advisory Services LLC bought a new stake in shares of iShares Interest Rate Hedged Corporate Bond ETF during the 2nd quarter valued at $203,000.

iShares Interest Rate Hedged Corporate Bond ETF Price Performance

Shares of LQDH stock opened at $93.12 on Friday. iShares Interest Rate Hedged Corporate Bond ETF has a 1 year low of $91.15 and a 1 year high of $94.38. The firm has a fifty day moving average price of $92.86 and a 200-day moving average price of $93.03.

iShares Interest Rate Hedged Corporate Bond ETF Profile

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.