iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) Shares Up 0.2% – Time to Buy?

iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB)’s share price rose 0.2% on Thursday . The company traded as high as $86.27 and last traded at $86.23. Approximately 1,323 shares traded hands during trading, a decline of 72% from the average daily volume of 4,712 shares. The stock had previously closed at $86.09.

iShares BBB Rated Corporate Bond ETF Stock Performance

The company has a 50 day simple moving average of $86.29 and a two-hundred day simple moving average of $86.96.

Institutional Trading of iShares BBB Rated Corporate Bond ETF

A number of large investors have recently modified their holdings of LQDB. Goldman Sachs Group Inc. purchased a new stake in shares of iShares BBB Rated Corporate Bond ETF in the fourth quarter valued at approximately $1,790,000. Bank of America Corp DE boosted its holdings in shares of iShares BBB Rated Corporate Bond ETF by 29.5% in the third quarter. Bank of America Corp DE now owns 45,370 shares of the company’s stock valued at $3,991,000 after purchasing an additional 10,326 shares during the period. Jane Street Group LLC boosted its holdings in shares of iShares BBB Rated Corporate Bond ETF by 41.9% in the fourth quarter. Jane Street Group LLC now owns 28,557 shares of the company’s stock valued at $2,488,000 after purchasing an additional 8,433 shares during the period. Royal Bank of Canada purchased a new stake in shares of iShares BBB Rated Corporate Bond ETF in the first quarter valued at approximately $334,000. Finally, Citadel Advisors LLC boosted its holdings in shares of iShares BBB Rated Corporate Bond ETF by 8.2% in the third quarter. Citadel Advisors LLC now owns 22,480 shares of the company’s stock valued at $1,977,000 after purchasing an additional 1,706 shares during the period.

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.