iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) Stock Price Declines by 0.2%

The stock price of iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) declined by 0.2% during trading on Thursday. The lowest point reached during the day was $85.06, which is also where the stock last traded. In total, around 65 shares changed hands in mid-day trading, reflecting a significant drop of 88% from its average daily volume of 555 shares. Previously, the stock had closed at $85.22.

Overview of Stock Performance

The iShares BBB Rated Corporate Bond ETF has a 50-day simple moving average of $85.62 and a longer-term 200-day simple moving average of $86.53. This data can provide insight into the stock's performance trends over time.

Recent Institutional Investor Activity

Recently, an institutional investor made a notable move regarding the iShares BBB Rated Corporate Bond ETF. Integrated Wealth Concepts LLC has increased its stake by 4.2% during the third quarter, according to the latest filings with the Securities and Exchange Commission (SEC). Following the acquisition of an additional 250 shares, the firm's total ownership in LQDB stands at 6,150 shares, equating to approximately 1.54% of the ETF, valued at around $544,000 based on the most recent SEC disclosure.

About the iShares BBB Rated Corporate Bond ETF

The iShares BBB Rated Corporate Bond ETF (LQDB) is an exchange-traded fund that primarily invests in investment-grade fixed-income securities. It aims to track a market-value-weighted index of BBB-rated, USD-denominated corporate bonds that have a minimum maturity of one year. Managed by BlackRock, the ETF was launched on May 18, 2021.

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iShares, Bond, ETF