iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) Sees Strong Trading Volume – Here’s What Happened

iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) shares saw strong trading volume on Thursday . 155,707 shares traded hands during mid-day trading, an increase of 332% from the previous session’s volume of 36,060 shares.The stock last traded at $93.95 and had previously closed at $93.82.

iShares Interest Rate Hedged Corporate Bond ETF Trading Up 0.2%

The stock’s fifty day simple moving average is $93.24 and its two-hundred day simple moving average is $93.07.

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

A number of institutional investors have recently made changes to their positions in LQDH. Destination Wealth Management lifted its stake in shares of iShares Interest Rate Hedged Corporate Bond ETF by 4.1% in the third quarter. Destination Wealth Management now owns 857,526 shares of the company’s stock worth $80,218,000 after acquiring an additional 34,064 shares during the period. Envestnet Asset Management Inc. raised its holdings in iShares Interest Rate Hedged Corporate Bond ETF by 9.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 431,504 shares of the company’s stock worth $40,365,000 after purchasing an additional 35,992 shares during the last quarter. Leo Wealth LLC lifted its position in shares of iShares Interest Rate Hedged Corporate Bond ETF by 147.0% in the 2nd quarter. Leo Wealth LLC now owns 240,710 shares of the company’s stock worth $22,256,000 after purchasing an additional 143,244 shares during the period. MML Investors Services LLC boosted its stake in shares of iShares Interest Rate Hedged Corporate Bond ETF by 12.3% in the 2nd quarter. MML Investors Services LLC now owns 152,750 shares of the company’s stock valued at $14,114,000 after purchasing an additional 16,748 shares during the last quarter. Finally, Scotia Capital Inc. boosted its stake in shares of iShares Interest Rate Hedged Corporate Bond ETF by 5.6% in the 3rd quarter. Scotia Capital Inc. now owns 133,048 shares of the company’s stock valued at $12,446,000 after purchasing an additional 7,081 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. LQDH was launched on May 27, 2014 and is managed by BlackRock.