iShares Inflation Hedged Corporate Bond ETF (BATS:LQDI) Shares Down 0.4% – Time to Sell?

iShares Inflation Hedged Corporate Bond ETF (BATS:LQDI) fell 0.4% on Friday . The company traded as low as $26.4501 and last traded at $26.5350. 5,801 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 13,838 shares. The stock had previously closed at $26.64.

iShares Inflation Hedged Corporate Bond ETF Price Performance

The stock’s 50 day simple moving average is $26.77 and its two-hundred day simple moving average is $26.53.

Hedge Funds Weigh In On iShares Inflation Hedged Corporate Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Osaic Holdings Inc. lifted its stake in iShares Inflation Hedged Corporate Bond ETF by 537.1% during the second quarter. Osaic Holdings Inc. now owns 5,046 shares of the company’s stock worth $133,000 after purchasing an additional 4,254 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of iShares Inflation Hedged Corporate Bond ETF during the 2nd quarter valued at about $141,000. Bank of America Corp DE lifted its position in iShares Inflation Hedged Corporate Bond ETF by 39.3% in the 3rd quarter. Bank of America Corp DE now owns 8,702 shares of the company’s stock worth $234,000 after buying an additional 2,455 shares during the last quarter. ABLE Financial Group LLC boosted its stake in iShares Inflation Hedged Corporate Bond ETF by 6.4% in the third quarter. ABLE Financial Group LLC now owns 9,372 shares of the company’s stock worth $252,000 after buying an additional 562 shares in the last quarter. Finally, Ameritas Advisory Services LLC grew its position in iShares Inflation Hedged Corporate Bond ETF by 42.0% during the second quarter. Ameritas Advisory Services LLC now owns 12,066 shares of the company’s stock valued at $318,000 after acquiring an additional 3,570 shares during the last quarter.

About iShares Inflation Hedged Corporate Bond ETF

The iShares Inflation Hedged Corporate Bond ETF (LQDI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index that holds the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), which targets investment-grade corporate bond, while using swaps to hedge inflation risk.