iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) Position Boosted by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its stake in shares of iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) by 496.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 26,004 shares of the company’s stock after buying an additional 21,643 shares during the quarter. Bank of New York Mellon Corp owned 0.07% of iShares BBB Rated Corporate Bond ETF worth $2,208,000 as of its most recent SEC filing.

Separately, Insight Wealth Partners LLC acquired a new stake in iShares BBB Rated Corporate Bond ETF during the third quarter worth about $2,216,000.

iShares BBB Rated Corporate Bond ETF Stock Performance

Shares of NYSEARCA:LQDB opened at $86.09 on Friday. The firm’s 50 day moving average is $85.61 and its two-hundred day moving average is $86.32. iShares BBB Rated Corporate Bond ETF has a 52 week low of $83.01 and a 52 week high of $89.02.

iShares BBB Rated Corporate Bond ETF Profile

The iShares BBB Rated Corporate Bond ETF (LQDB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of BBB rated USD denominated corporate bonds with at least one year to maturity. LQDB was launched on May 18, 2021 and is managed by BlackRock.