iShares Inflation Hedged Corporate Bond ETF (BATS:LQDI) Trading Down 0.4% – Here’s Why

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

iShares Inflation Hedged Corporate Bond ETF Stock Down 0.4%

The firm’s 50 day moving average price is $26.77 and its two-hundred day moving average price is $26.52.

Institutional Investors Weigh In On iShares Inflation Hedged Corporate Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. ABLE Financial Group LLC lifted its position 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 purchasing an additional 562 shares during the period. Bank of America Corp DE raised 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 purchasing an additional 2,455 shares during the last quarter. Ameritas Advisory Services LLC lifted its holdings in iShares Inflation Hedged Corporate Bond ETF by 42.0% in the second quarter. Ameritas Advisory Services LLC now owns 12,066 shares of the company’s stock valued at $318,000 after buying an additional 3,570 shares during the period. Osaic Holdings Inc. boosted its holdings 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 buying an additional 4,254 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in iShares Inflation Hedged Corporate Bond ETF in the second quarter valued at about $141,000.

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.