iShares Inflation Hedged Corporate Bond ETF (BATS:LQDI) Stock Price Up 1.3% – Here’s Why

iShares Inflation Hedged Corporate Bond ETF (BATS:LQDI)’s stock price rose 1.3% during mid-day trading on Monday . The company traded as high as $25.69 and last traded at $25.68. Approximately 4,832 shares changed hands during mid-day trading, The stock had previously closed at $25.35.

iShares Inflation Hedged Corporate Bond ETF Stock Up 1.7 %

The business’s 50 day moving average is $25.88 and its 200-day moving average is $26.19.

iShares Inflation Hedged Corporate Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, November 7th. Shareholders of record on Monday, November 4th were paid a dividend of $0.1002 per share. This is a positive change from iShares Inflation Hedged Corporate Bond ETF’s previous dividend of $0.10. The ex-dividend date was Monday, November 4th.

Institutional Trading of iShares Inflation Hedged Corporate Bond ETF

Several institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. increased its stake in iShares Inflation Hedged Corporate Bond ETF by 9.8% during the second quarter. Envestnet Asset Management Inc. now owns 73,096 shares of the company’s stock valued at $1,891,000 after purchasing an additional 6,550 shares during the last quarter. MML Investors Services LLC boosted its holdings in shares of iShares Inflation Hedged Corporate Bond ETF by 14.0% during the third quarter. MML Investors Services LLC now owns 80,005 shares of the company’s stock valued at $2,145,000 after acquiring an additional 9,847 shares during the period. Finally, Jane Street Group LLC boosted its holdings in shares of iShares Inflation Hedged Corporate Bond ETF by 117.1% during the third quarter. Jane Street Group LLC now owns 44,647 shares of the company’s stock valued at $1,197,000 after acquiring an additional 24,080 shares during the period.

iShares Inflation Hedged Corporate Bond ETF Company Profile

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.