iShares Investment Grade Corporate Bond BuyWrite Strategy ETF (BATS:LQDW) Trading Down 0.7% – Should You Sell?

iShares Investment Grade Corporate Bond BuyWrite Strategy ETF (BATS:LQDW)’s share price fell 0.7% during trading on Thursday . The company traded as low as $23.90 and last traded at $23.98. 73,023 shares were traded during trading, a decline of 4% from the average session volume of 76,105 shares. The stock had previously closed at $24.16.

iShares Investment Grade Corporate Bond BuyWrite Strategy ETF Stock Down 0.7%

The business has a 50 day moving average of $24.60 and a 200 day moving average of $24.88.

Institutional Investors Weigh In On iShares Investment Grade Corporate Bond BuyWrite Strategy ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Private Trust Co. NA boosted its stake in shares of iShares Investment Grade Corporate Bond BuyWrite Strategy ETF by 107.1% during the 4th quarter. Private Trust Co. NA now owns 11,600 shares of the company’s stock valued at $285,000 after purchasing an additional 6,000 shares in the last quarter. Triumph Capital Management bought a new position in iShares Investment Grade Corporate Bond BuyWrite Strategy ETF in the third quarter worth about $201,000. Finally, Prime Capital Investment Advisors LLC raised its stake in iShares Investment Grade Corporate Bond BuyWrite Strategy ETF by 6.3% in the third quarter. Prime Capital Investment Advisors LLC now owns 335,819 shares of the company’s stock worth $8,486,000 after buying an additional 19,899 shares in the last quarter.

About iShares Investment Grade Corporate Bond BuyWrite Strategy ETF

The iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW) is an exchange-traded fund that is based on the CBOE LQD BuyWrite index. The fund uses a fund-of-fund approach to passively track an index that measures the performance of holding shares of the iShares iBoxx USD Investment Grade Corporate Bond ETF and writes one-month call options against the shares. LQDW was launched on Aug 18, 2022 and is managed by BlackRock.