iShares Investment Grade Corporate Bond BuyWrite Strategy ETF (BATS:LQDW) Trading 0.3% Higher – Still a Buy?

iShares Investment Grade Corporate Bond BuyWrite Strategy ETF (BATS:LQDW)’s share price shot up 0.3% on Monday . The stock traded as high as $23.53 and last traded at $23.50. 72,040 shares traded hands during mid-day trading, a decline of 8% from the average daily volume of 78,100 shares. The stock had previously closed at $23.43.

iShares Investment Grade Corporate Bond BuyWrite Strategy ETF Stock Up 0.3%

The stock has a 50-day simple moving average of $23.78 and a 200 day simple moving average of $24.10.

Institutional Trading of iShares Investment Grade Corporate Bond BuyWrite Strategy ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Triumph Capital Management purchased a new stake in iShares Investment Grade Corporate Bond BuyWrite Strategy ETF in the 3rd quarter valued at about $201,000. Private Trust Co. NA boosted its stake in iShares Investment Grade Corporate Bond BuyWrite Strategy ETF by 107.1% during the fourth quarter. Private Trust Co. NA now owns 11,600 shares of the company’s stock worth $285,000 after buying an additional 6,000 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in iShares Investment Grade Corporate Bond BuyWrite Strategy ETF during the first quarter worth about $410,000.

About iShares Investment Grade Corporate Bond BuyWrite Strategy ETF

The iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW) is an exchange-traded fund that is based on the CBOE LQD BuyWrite index. The fund uses a fund-of-fund approach to passively track an index that measures the performance of holding shares of the iShares iBoxx USD Investment Grade Corporate Bond ETF and writes one-month call options against the shares. LQDW was launched on Aug 18, 2022 and is managed by BlackRock.