iShares BBB Rated Corporate Bond ETF Stock Price Drops 0.2%

The iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB – Get Free Report) experienced a slight decline in its stock price by 0.2% during trading on Thursday. The price dipped to a low of $85.06, before stabilizing and closing at the same price level. In total, around 65 shares were traded during this period, which marks a significant drop in activity, approximately 88% lower than its average daily trading volume of 555 shares. Prior to this, the stock had closed at $85.22.

iShares BBB Rated Corporate Bond ETF Stock Performance

At present, the company has a 50-day simple moving average of $85.62, while its 200-day simple moving average is recorded at $86.53. This indicates a general trend of declining stock performance.

Institutional Investors and iShares BBB Rated Corporate Bond ETF

Recent activity among institutional investors has impacted the iShares BBB Rated Corporate Bond ETF. Integrated Wealth Concepts LLC has increased its holdings in this ETF by 4.2% during the third quarter, as reported in its latest filing with the Securities and Exchange Commission (SEC). Following this acquisition, Integrated Wealth Concepts now holds 6,150 shares of LQDB after adding 250 shares to its portfolio. This amounts to approximately 1.54% of the ETF, valued at around $544,000 as stated in the most recent SEC filing.

About iShares BBB Rated Corporate Bond ETF

The iShares BBB Rated Corporate Bond ETF, identified by its ticker symbol LQDB, is an exchange-traded fund mainly focused on investment-grade fixed income securities. The ETF seeks to replicate the performance of a market-value-weighted index consisting of BBB rated, USD-denominated corporate bonds that have a minimum of one year to maturity. Launched on May 18, 2021, the fund is managed by BlackRock.

Further Information

• Five stocks that may outperform iShares BBB Rated Corporate Bond ETF
• Understanding Overbought Stocks: What Traders Should Know
• Market Momentum: Three Stocks to Watch for Potential Breakouts
• Investment Strategies for Small Cap Stocks
• Kinder Morgan’s Bullish Trend: What to Expect Going Forward
• Key Stock Insights from Warren Buffett: The One to Watch
• Momentum Stocks: Three Potential High Performers This Quarter

Sign Up for Daily Updates on iShares BBB Rated Corporate Bond ETF - Enter your email below to receive a brief summary of the latest news and analysts' ratings concerning the iShares BBB Rated Corporate Bond ETF and related entities through a free daily newsletter.

iShares, Bonds, ETF