iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) Sets New 1-Year High – Time to Buy?

iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $94.44 and last traded at $93.88, with a volume of 2372 shares. The stock had previously closed at $93.95.

iShares Interest Rate Hedged Corporate Bond ETF Trading Down 0.1 %

The stock has a fifty day simple moving average of $93.25 and a two-hundred day simple moving average of $92.96.

Institutional Investors Weigh In On iShares Interest Rate Hedged Corporate Bond ETF

Several large investors have recently added to or reduced their stakes in LQDH. Destination Wealth Management boosted its holdings in shares of iShares Interest Rate Hedged Corporate Bond ETF by 1.2% in the 4th quarter. Destination Wealth Management now owns 789,027 shares of the company’s stock worth $73,174,000 after purchasing an additional 9,395 shares in the last quarter. Bank of America Corp DE raised its stake in shares of iShares Interest Rate Hedged Corporate Bond ETF by 1.6% during the fourth quarter. Bank of America Corp DE now owns 308,851 shares of the company’s stock valued at $28,643,000 after acquiring an additional 4,742 shares during the last quarter. LPL Financial LLC grew its stake in shares of iShares Interest Rate Hedged Corporate Bond ETF by 5.4% in the fourth quarter. LPL Financial LLC now owns 247,776 shares of the company’s stock worth $22,979,000 after purchasing an additional 12,632 shares during the last quarter. Leo Wealth LLC increased its holdings in iShares Interest Rate Hedged Corporate Bond ETF by 3.9% during the 4th quarter. Leo Wealth LLC now owns 225,694 shares of the company’s stock valued at $20,928,000 after purchasing an additional 8,454 shares during the period. Finally, Assetmark Inc. raised its position in iShares Interest Rate Hedged Corporate Bond ETF by 382.9% during the 3rd quarter. Assetmark Inc. now owns 181,766 shares of the company’s stock valued at $16,914,000 after purchasing an additional 144,126 shares during the last quarter.

About iShares Interest Rate Hedged Corporate Bond ETF

The iShares Interest Rate Hedged Corporate Bond ETF (LQDH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index that holds iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), which targets USD-denominated investment corporate bonds, while mitigating duration risk.