iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) Sees Unusually-High Trading Volume – Time to Buy?

Shares of iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) saw unusually-strong trading volume on Wednesday . Approximately 133,978 shares traded hands during mid-day trading, an increase of 90% from the previous session’s volume of 70,690 shares.The stock last traded at $92.26 and had previously closed at $92.04.

iShares Interest Rate Hedged Corporate Bond ETF Price Performance

The company has a 50 day moving average of $93.00 and a 200 day moving average of $93.17.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Destination Wealth Management increased its position in iShares Interest Rate Hedged Corporate Bond ETF by 4.1% in the fourth quarter. Destination Wealth Management now owns 892,414 shares of the company’s stock worth $83,307,000 after purchasing an additional 34,888 shares during the period. Envestnet Asset Management Inc. lifted its position 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 valued at $40,365,000 after purchasing an additional 35,992 shares during the period. LPL Financial LLC boosted its stake in shares of iShares Interest Rate Hedged Corporate Bond ETF by 12.9% in the 4th quarter. LPL Financial LLC now owns 393,935 shares of the company’s stock valued at $36,774,000 after purchasing an additional 45,039 shares during the last quarter. Leo Wealth LLC boosted its stake in shares of iShares Interest Rate Hedged Corporate Bond ETF by 132.8% in the 4th quarter. Leo Wealth LLC now owns 262,375 shares of the company’s stock valued at $24,500,000 after purchasing an additional 149,654 shares during the last quarter. Finally, MML Investors Services LLC grew its position in shares of iShares Interest Rate Hedged Corporate Bond ETF by 10.4% during the 4th quarter. MML Investors Services LLC now owns 167,831 shares of the company’s stock worth $15,667,000 after buying an additional 15,878 shares during the period.

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.