Envestnet Asset Management Inc. Acquires 123,741 Shares of iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH)

Envestnet Asset Management Inc. lifted its stake in shares of iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) by 136.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,183 shares of the company’s stock after purchasing an additional 123,741 shares during the quarter. Envestnet Asset Management Inc. owned about 4.12% of iShares Interest Rate Hedged Corporate Bond ETF worth $19,763,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. First Horizon Advisors Inc. increased its stake in iShares Interest Rate Hedged Corporate Bond ETF by 66.7% in the 1st quarter. First Horizon Advisors Inc. now owns 872 shares of the company’s stock valued at $81,000 after buying an additional 349 shares during the last quarter. Two West Capital Advisors LLC bought a new stake in shares of iShares Interest Rate Hedged Corporate Bond ETF during the 1st quarter worth $209,000. Vista Cima Wealth Management LLC bought a new stake in iShares Interest Rate Hedged Corporate Bond ETF in the fourth quarter worth $221,000. JPMorgan Chase & Co. increased its position in shares of iShares Interest Rate Hedged Corporate Bond ETF by 4.6% in the fourth quarter. JPMorgan Chase & Co. now owns 2,540 shares of the company’s stock valued at $236,000 after acquiring an additional 112 shares during the period. Finally, Smith Moore & CO. purchased a new position in shares of iShares Interest Rate Hedged Corporate Bond ETF in the fourth quarter valued at about $237,000.

iShares Interest Rate Hedged Corporate Bond ETF Trading Down 0.2%

Shares of NYSEARCA LQDH opened at $92.25 on Thursday. iShares Interest Rate Hedged Corporate Bond ETF has a 1 year low of $88.08 and a 1 year high of $94.44. The company’s 50-day moving average is $92.05 and its 200 day moving average is $92.22.

iShares Interest Rate Hedged Corporate Bond ETF Profile

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.