iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) Stock Price Down 0% – Here’s Why

iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB)’s share price were down 0% on Friday . The stock traded as low as $86.64 and last traded at $86.66. 1,850 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 5,310 shares. The stock had previously closed at $86.67.

iShares BBB Rated Corporate Bond ETF Stock Performance

The business has a 50 day moving average of $86.30 and a 200-day moving average of $86.83.

Hedge Funds Weigh In On iShares BBB Rated Corporate Bond ETF

A number of hedge funds have recently modified their holdings of LQDB. Goldman Sachs Group Inc. acquired a new position in shares of iShares BBB Rated Corporate Bond ETF in the 4th quarter valued at $1,790,000. Bank of America Corp DE boosted its stake in iShares BBB Rated Corporate Bond ETF by 29.5% during the 3rd quarter. Bank of America Corp DE now owns 45,370 shares of the company’s stock worth $3,991,000 after purchasing an additional 10,326 shares during the period. Jane Street Group LLC boosted its stake in iShares BBB Rated Corporate Bond ETF by 41.9% during the 4th quarter. Jane Street Group LLC now owns 28,557 shares of the company’s stock worth $2,488,000 after purchasing an additional 8,433 shares during the period. Royal Bank of Canada purchased a new position in iShares BBB Rated Corporate Bond ETF during the 1st quarter worth $334,000. Finally, Citadel Advisors LLC increased its stake in iShares BBB Rated Corporate Bond ETF by 8.2% in the third quarter. Citadel Advisors LLC now owns 22,480 shares of the company’s stock valued at $1,977,000 after purchasing an additional 1,706 shares during the period.

About iShares BBB Rated Corporate Bond ETF

The iShares BBB Rated Corporate Bond ETF (LQDB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of BBB rated USD denominated corporate bonds with at least one year to maturity. LQDB was launched on May 18, 2021 and is managed by BlackRock.