iShares Inflation Hedged Corporate Bond ETF (BATS:LQDI) Shares Up 1.3% – Should You Buy?

iShares Inflation Hedged Corporate Bond ETF (BATS:LQDI) shot up 1.3% on Monday . The stock traded as high as $25.69 and last traded at $25.68. 4,832 shares were traded during trading, The stock had previously closed at $25.35.

iShares Inflation Hedged Corporate Bond ETF Trading Up 1.3 %

The stock’s 50-day moving average price is $25.89 and its 200-day moving average price 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. Investors of record on Monday, November 4th were issued a $0.1002 dividend. The ex-dividend date was Monday, November 4th. This is a positive change from iShares Inflation Hedged Corporate Bond ETF’s previous dividend of $0.10.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of LQDI. Jane Street Group LLC boosted its holdings in iShares Inflation Hedged Corporate Bond ETF by 117.1% during the 3rd quarter. Jane Street Group LLC now owns 44,647 shares of the company’s stock worth $1,197,000 after acquiring an additional 24,080 shares during the last quarter. MML Investors Services LLC lifted its position 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 purchasing an additional 9,847 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings 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 worth $1,891,000 after purchasing an additional 6,550 shares during the last quarter.

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.