iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) Hits New 1-Year High – Time to Buy?

iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDHGet Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $94.44 and last traded at $93.88, with a volume of 2372 shares. The stock had previously closed at $93.95.

iShares Interest Rate Hedged Corporate Bond ETF Trading Down 0.1 %

The stock’s fifty day moving average price is $93.25 and its 200 day moving average price is $92.96.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Assetmark Inc. lifted its holdings in iShares Interest Rate Hedged Corporate Bond ETF by 382.9% in the third quarter. Assetmark Inc. now owns 181,766 shares of the company’s stock valued at $16,914,000 after acquiring an additional 144,126 shares during the period. Milestone Asset Management LLC purchased a new stake in shares of iShares Interest Rate Hedged Corporate Bond ETF in the 4th quarter worth $2,884,000. Destination Wealth Management lifted its position in iShares Interest Rate Hedged Corporate Bond ETF by 3.8% during the third quarter. Destination Wealth Management now owns 779,632 shares of the company’s stock valued at $72,547,000 after purchasing an additional 28,388 shares in the last quarter. Raymond James Financial Inc. bought a new stake in iShares Interest Rate Hedged Corporate Bond ETF during the fourth quarter valued at about $2,597,000. Finally, Jane Street Group LLC purchased a new stake in iShares Interest Rate Hedged Corporate Bond ETF in the third quarter worth about $2,443,000.

About iShares Interest Rate Hedged Corporate Bond ETF

(Get Free Report)

The iShares Interest Rate Hedged Corporate Bond ETF (LQDH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index that holds iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), which targets USD-denominated investment corporate bonds, while mitigating duration risk.

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