iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) Shares Up 0.3% – Should You Buy?

iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) shares were up 0.3% during trading on Monday . The company traded as high as $86.20 and last traded at $86.10. Approximately 1,134 shares changed hands during trading, an increase of 11% from the average daily volume of 1,023 shares. The stock had previously closed at $85.81.

iShares BBB Rated Corporate Bond ETF Trading Up 0.3 %

The stock’s 50-day simple moving average is $85.40 and its 200 day simple moving average is $86.42.

Institutional Trading of iShares BBB Rated Corporate Bond ETF

Institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC boosted its position in iShares BBB Rated Corporate Bond ETF by 4.2% during the third quarter. Integrated Wealth Concepts LLC now owns 6,150 shares of the company’s stock valued at $544,000 after acquiring an additional 250 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of iShares BBB Rated Corporate Bond ETF by 496.3% during the fourth quarter. Bank of New York Mellon Corp now owns 26,004 shares of the company’s stock valued at $2,208,000 after purchasing an additional 21,643 shares during the period. Insight Wealth Partners LLC acquired a new position in shares of iShares BBB Rated Corporate Bond ETF during the third quarter valued at about $2,216,000. Finally, Jane Street Group LLC raised its holdings in shares of iShares BBB Rated Corporate Bond ETF by 355.3% during the fourth quarter. Jane Street Group LLC now owns 44,748 shares of the company’s stock valued at $3,800,000 after purchasing an additional 34,920 shares during the period.

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.