iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) Stock Price Down 0.7%

Shares of iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDBGet Free Report) dropped 0.7% during trading on Monday . The stock traded as low as $84.82 and last traded at $84.82. Approximately 343 shares changed hands during trading, a decline of 64% from the average daily volume of 954 shares. The stock had previously closed at $85.45.

iShares BBB Rated Corporate Bond ETF Price Performance

The firm’s 50 day moving average price is $85.37 and its two-hundred day moving average price is $83.81.

Institutional Investors Weigh In On iShares BBB Rated Corporate Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV bought a new stake in shares of iShares BBB Rated Corporate Bond ETF during the third quarter valued at approximately $4,323,000. Jane Street Group LLC increased its stake in iShares BBB Rated Corporate Bond ETF by 50.6% during the 4th quarter. Jane Street Group LLC now owns 43,341 shares of the company’s stock valued at $3,570,000 after purchasing an additional 14,559 shares in the last quarter. Finally, Bank of America Corp DE acquired a new position in iShares BBB Rated Corporate Bond ETF during the first quarter worth $106,000.

About iShares BBB Rated Corporate Bond ETF

(Get Free Report)

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.

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