iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) Shares Down 0.7% – Here’s What Happened

Posted by Joseph Casey on Nov 15th, 2024

iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB – Get Free Report) dropped 0.7% during trading on Tuesday . The stock traded as low as $85.94 and last traded at $85.94. Approximately 185 shares changed hands during trading, a decline of 81% from the average daily volume of 956 shares. The stock had previously closed at $86.56.

iShares BBB Rated Corporate Bond ETF Stock Performance

The company has a 50 day simple moving average of $87.38 and a 200-day simple moving average of $86.23.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in iShares BBB Rated Corporate Bond ETF stock. Insight Wealth Partners LLC purchased a new position in iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 25,039 shares of the company’s stock, valued at approximately $2,216,000. iShares BBB Rated Corporate Bond ETF accounts for about 0.4% of Insight Wealth Partners LLC’s holdings, making the stock its 27th largest holding. Insight Wealth Partners LLC owned 6.26% of iShares BBB Rated Corporate Bond ETF as of its most recent SEC filing.

About iShares BBB Rated Corporate Bond ETF

(Get Free Report)

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.