iShares BBB Rated Corporate Bond ETF Stock Price Down 0.2%

The iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) experienced a slight decline in its stock price, dropping by 0.2% during trading on Thursday. The price of the stock dipped to a low of $85.06 and then last traded at the same figure. Only around 65 shares changed hands during mid-day trading, indicating a significant decline of 88% from its average daily volume of 555 shares. The previous closing price for this ETF was $85.22.

iShares BBB Rated Corporate Bond ETF Stock Down 0.2%

This investment vehicle has a 50-day simple moving average of $85.62 and a 200-day simple moving average of $86.53. This data indicates the trends over short-term and long-term periods.

Hedge Funds Weigh In On iShares BBB Rated Corporate Bond ETF

In recent developments, an institutional investor has increased its position in the iShares BBB Rated Corporate Bond ETF. Integrated Wealth Concepts LLC raised its stake by 4.2% in the third quarter, according to their latest disclosure to the Securities and Exchange Commission (SEC). The fund now owns 6,150 shares after acquiring an additional 250 shares during the period, representing about 1.54% of iShares BBB Rated Corporate Bond ETF, valued at approximately $544,000 as of the most recent SEC filing.

iShares BBB Rated Corporate Bond ETF Company Profile

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

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