iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) Trading Up 0.1% – Still a Buy?

iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) shares were up 0.1% during trading on Tuesday . The company traded as high as $86.85 and last traded at $86.84. Approximately 285 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 891 shares. The stock had previously closed at $86.73.

iShares BBB Rated Corporate Bond ETF Price Performance

The business has a fifty day moving average of $86.29 and a 200 day moving average of $85.64.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its holdings in iShares BBB Rated Corporate Bond ETF by 9.1% in the first quarter. Bank of New York Mellon Corp now owns 28,365 shares of the company’s stock valued at $2,440,000 after acquiring an additional 2,361 shares during the last quarter. Jane Street Group LLC lifted its holdings in iShares BBB Rated Corporate Bond ETF by 355.3% in the fourth quarter. Jane Street Group LLC now owns 44,748 shares of the company’s stock valued at $3,800,000 after acquiring an additional 34,920 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its holdings in iShares BBB Rated Corporate Bond ETF by 8.1% in the fourth quarter. Integrated Wealth Concepts LLC now owns 6,650 shares of the company’s stock valued at $565,000 after acquiring an additional 500 shares during the last quarter.

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.