Freedom Investment Management Inc. Cuts Position in iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH)

Freedom Investment Management Inc. trimmed its position in shares of iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) by 6.2% during the third quarter, Holdings Channel reports. The firm owned 20,526 shares of the company’s stock after selling 1,352 shares during the quarter. Freedom Investment Management Inc.’s holdings in iShares Interest Rate Hedged Corporate Bond ETF were worth $1,910,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Great Valley Advisor Group Inc. acquired a new position in iShares Interest Rate Hedged Corporate Bond ETF during the 2nd quarter worth about $380,000. KFG Wealth Management LLC boosted its stake in shares of iShares Interest Rate Hedged Corporate Bond ETF by 6.6% in the second quarter. KFG Wealth Management LLC now owns 57,741 shares of the company’s stock valued at $5,366,000 after purchasing an additional 3,561 shares during the period. Destination Wealth Management grew its holdings in shares of iShares Interest Rate Hedged Corporate Bond ETF by 1.2% in the second quarter. Destination Wealth Management now owns 751,244 shares of the company’s stock valued at $69,813,000 after purchasing an additional 9,105 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of iShares Interest Rate Hedged Corporate Bond ETF in the second quarter valued at approximately $3,147,000. Finally, Trademark Financial Management LLC increased its stake in iShares Interest Rate Hedged Corporate Bond ETF by 10.9% during the 2nd quarter. Trademark Financial Management LLC now owns 6,919 shares of the company’s stock worth $643,000 after buying an additional 680 shares during the period.

iShares Interest Rate Hedged Corporate Bond ETF Price Performance

Shares of LQDH stock opened at $93.55 on Wednesday. The firm has a 50 day moving average of $93.11 and a two-hundred day moving average of $92.95. iShares Interest Rate Hedged Corporate Bond ETF has a 52 week low of $90.46 and a 52 week high of $94.37.

iShares Interest Rate Hedged Corporate Bond ETF Profile

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.