Citadel Advisors LLC lessened its stake in iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB – Free Report) by 31.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,193 shares of the company’s stock after selling 8,507 shares during the quarter. Citadel Advisors LLC owned approximately 4.55% of iShares BBB Rated Corporate Bond ETF worth $1,545,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Jane Street Group LLC grew its position in iShares BBB Rated Corporate Bond ETF by 355.3% in the 4th quarter. Jane Street Group LLC now owns 44,748 shares of the company’s stock worth $3,800,000 after purchasing an additional 34,920 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of iShares BBB Rated Corporate Bond ETF by 496.3% in the 4th quarter. Bank of New York Mellon Corp now owns 26,004 shares of the company’s stock worth $2,208,000 after buying an additional 21,643 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its stake in shares of iShares BBB Rated Corporate Bond ETF by 8.1% in the 4th quarter. Integrated Wealth Concepts LLC now owns 6,650 shares of the company’s stock worth $565,000 after buying an additional 500 shares during the last quarter.
iShares BBB Rated Corporate Bond ETF Stock Down 0.0%
Shares of LQDB opened at $84.59 on Monday. The stock has a 50 day moving average of $85.00 and a 200 day moving average of $85.45. iShares BBB Rated Corporate Bond ETF has a 12 month low of $82.73 and a 12 month high of $89.02.
About iShares BBB Rated Corporate Bond ETF
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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