Beacon Financial Group Sells 12,224 Shares of iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH)

Beacon Financial Group decreased its position in shares of iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) by 12.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,661 shares of the company’s stock after selling 12,224 shares during the period. iShares Interest Rate Hedged Corporate Bond ETF comprises 0.9% of Beacon Financial Group’s holdings, making the stock its 27th largest holding. Beacon Financial Group owned approximately 2.38% of iShares Interest Rate Hedged Corporate Bond ETF worth $7,944,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Rockefeller Capital Management L.P. boosted its holdings in shares of iShares Interest Rate Hedged Corporate Bond ETF by 1.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 12,306 shares of the company’s stock valued at $1,145,000 after purchasing an additional 227 shares in the last quarter. MassMutual Private Wealth & Trust FSB acquired a new stake in iShares Interest Rate Hedged Corporate Bond ETF in the fourth quarter valued at about $32,000. Centaurus Financial Inc. grew its position in iShares Interest Rate Hedged Corporate Bond ETF by 31.7% in the third quarter. Centaurus Financial Inc. now owns 1,620 shares of the company’s stock valued at $151,000 after acquiring an additional 390 shares during the last quarter. Great Valley Advisor Group Inc. raised its stake in iShares Interest Rate Hedged Corporate Bond ETF by 10.5% during the third quarter. Great Valley Advisor Group Inc. now owns 4,513 shares of the company’s stock worth $420,000 after acquiring an additional 428 shares in the last quarter. Finally, First Horizon Advisors Inc. acquired a new position in iShares Interest Rate Hedged Corporate Bond ETF during the third quarter worth about $45,000.

iShares Interest Rate Hedged Corporate Bond ETF Stock Performance

LQDH opened at $93.49 on Wednesday. The company’s 50 day moving average is $93.17 and its 200-day moving average is $92.89. iShares Interest Rate Hedged Corporate Bond ETF has a 1-year low of $90.46 and a 1-year high of $94.30.

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.