27,999 Shares in iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 27,999 shares of the company’s stock, valued at approximately $2,597,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of iShares Interest Rate Hedged Corporate Bond ETF during the 4th quarter valued at approximately $32,000. JPMorgan Chase & Co. lifted its holdings in shares of iShares Interest Rate Hedged Corporate Bond ETF by 658.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,428 shares of the company’s stock worth $226,000 after acquiring an additional 2,108 shares during the last quarter. Perigon Wealth Management LLC purchased a new position in shares of iShares Interest Rate Hedged Corporate Bond ETF in the 4th quarter worth about $262,000. McAdam LLC purchased a new position in shares of iShares Interest Rate Hedged Corporate Bond ETF during the fourth quarter worth approximately $276,000. Finally, Atria Wealth Solutions Inc. bought a new stake in iShares Interest Rate Hedged Corporate Bond ETF in the fourth quarter worth $281,000.

iShares Interest Rate Hedged Corporate Bond ETF Stock Performance

LQDH opened at $92.38 on Friday. iShares Interest Rate Hedged Corporate Bond ETF has a 1 year low of $90.46 and a 1 year high of $94.44. The stock’s 50 day simple moving average is $93.16 and its 200 day simple moving average is $93.09.

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.