iShares Inflation Hedged Corporate Bond ETF (BATS:LQDI) Trading Down 0.2%

iShares Inflation Hedged Corporate Bond ETF (BATS:LQDI)’s share price traded down 0.2% during trading on Thursday . The company traded as low as $26.39 and last traded at $26.47. 2,316 shares were traded during mid-day trading, The stock had previously closed at $26.53.

iShares Inflation Hedged Corporate Bond ETF Price Performance

The business’s 50 day moving average is $26.10 and its 200 day moving average is $25.90.

Hedge Funds Weigh In On iShares Inflation Hedged Corporate Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LQDI. Strategic Financial Concepts LLC boosted its stake in shares of iShares Inflation Hedged Corporate Bond ETF by 2,340.4% during the 2nd quarter. Strategic Financial Concepts LLC now owns 233,721 shares of the company’s stock valued at $60,000 after buying an additional 224,144 shares during the period. Avantax Advisory Services Inc. boosted its stake in shares of iShares Inflation Hedged Corporate Bond ETF by 20.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 53,081 shares of the company’s stock valued at $1,393,000 after buying an additional 9,159 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in shares of iShares Inflation Hedged Corporate Bond ETF by 9.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 73,096 shares of the company’s stock valued at $1,891,000 after buying an additional 6,550 shares during the period.

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.