iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) Shares Up 0.2% – Time to Buy?

iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB)’s stock price shot up 0.2% during mid-day trading on Tuesday. The stock traded as high as $82.19 and last traded at $82.19. 2,099 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 4,381 shares. The stock had previously closed at $81.99.

iShares BBB Rated Corporate Bond ETF Trading Up 0.2%

The firm has a fifty day simple moving average of $84.08 and a 200 day simple moving average of $85.39.

Hedge Funds Weigh In On iShares BBB Rated Corporate Bond ETF

An institutional investor recently bought a new stake in iShares BBB Rated Corporate Bond ETF stock. Royal Bank of Canada purchased a new stake in shares of iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,863 shares of the company’s stock, valued at approximately $334,000. Royal Bank of Canada owned 0.64% of iShares BBB Rated Corporate Bond ETF at the end of the most recent quarter.

iShares BBB Rated Corporate Bond ETF Company Profile

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.