iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) Stock Price Down 0.3% – Here’s Why

iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB)’s stock price dropped 0.3% during trading on Wednesday . The company traded as low as $84.77 and last traded at $84.92. Approximately 1,497 shares were traded during mid-day trading, an increase of 57% from the average daily volume of 954 shares. The stock had previously closed at $85.14.

iShares BBB Rated Corporate Bond ETF Price Performance

The firm has a 50-day moving average price of $86.11 and a two-hundred day moving average price of $86.60.

Institutional Trading of iShares BBB Rated Corporate Bond ETF

A hedge fund recently raised its stake in iShares BBB Rated Corporate Bond ETF stock. Integrated Wealth Concepts LLC increased its holdings in shares of iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) by 4.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,150 shares of the company’s stock after purchasing an additional 250 shares during the quarter. Integrated Wealth Concepts LLC owned 1.54% of iShares BBB Rated Corporate Bond ETF worth $544,000 as of its most recent filing with the SEC.

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.