iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) Sees 0.2% Decline in Stock Price

The iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) experienced a slight decline of 0.2% during trading on Thursday. The stock reached a low of $85.06 and closed at the same price. In total, only about 65 shares were traded during midday, marking an impressive decrease of 88% compared to the average daily volume of 555 shares. Prior to this trading session, the ETF had closed at $85.22.

Price Trends for iShares BBB Rated Corporate Bond ETF

The 50-day simple moving average for this ETF is currently at $85.62, while the 200-day simple moving average stands at $86.53. This indicates ongoing fluctuations in the stock’s price as it moves in correlation with market trends.

Institutional Interest in iShares BBB Rated Corporate Bond ETF

Interest from institutional investors has been notable. Recently, Integrated Wealth Concepts LLC increased its position in the iShares BBB Rated Corporate Bond ETF by 4.2% during the third quarter. According to the firm's latest disclosure with the Securities and Exchange Commission (SEC), it now holds 6,150 shares of this ETF after purchasing an additional 250 shares within that timeframe. As of the most recent SEC filing, Integrated Wealth Concepts LLC owns roughly 1.54% of the ETF, valued at approximately $544,000.

About 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. The ETF tracks a market-value-weighted index of USD-denominated corporate bonds that are rated BBB, which have a minimum maturity of one year. Launched on May 18, 2021, it is managed by the investment management firm BlackRock.

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iShares, Bonds, ETF