iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) Trading Down 0.2% – Time to Sell?

iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) shares were down 0.2% during mid-day trading on Thursday . The stock traded as low as $85.06 and last traded at $85.06. Approximately 65 shares were traded during trading, a decline of 88% from the average daily volume of 555 shares. The stock had previously closed at $85.22.

iShares BBB Rated Corporate Bond ETF Price Performance

The stock has a 50-day moving average of $85.61 and a 200 day moving average of $86.53.

Institutional Inflows and Outflows

An institutional investor recently raised its position in iShares BBB Rated Corporate Bond ETF stock. Integrated Wealth Concepts LLC lifted its holdings in shares of iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) by 4.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,150 shares of the company’s stock after buying an additional 250 shares during the period. Integrated Wealth Concepts LLC owned about 1.54% of iShares BBB Rated Corporate Bond ETF worth $544,000 as of its most recent filing with the SEC.

About iShares BBB Rated Corporate Bond ETF

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.