iShares Inflation Hedged Corporate Bond ETF (BATS:LQDI) Stock Price Cross Above Two Hundred Day Moving Average – Should You Sell?

iShares Inflation Hedged Corporate Bond ETF (BATS:LQDI)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $26.20 and traded as high as $26.34. iShares Inflation Hedged Corporate Bond ETF shares last traded at $26.34, with a volume of 513 shares changing hands.

iShares Inflation Hedged Corporate Bond ETF Stock Performance

The business’s 50-day simple moving average is $26.39 and its 200 day simple moving average is $26.21.

iShares Inflation Hedged Corporate Bond ETF Increases Dividend

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

Hedge Funds Weigh In On iShares Inflation Hedged Corporate Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its holdings in shares of iShares Inflation Hedged Corporate Bond ETF by 117.1% in the third quarter. Jane Street Group LLC now owns 44,647 shares of the company’s stock valued at $1,197,000 after buying an additional 24,080 shares during the period. Envestnet Asset Management Inc. raised its position in iShares Inflation Hedged Corporate Bond ETF by 9.8% in the second quarter. Envestnet Asset Management Inc. now owns 73,096 shares of the company’s stock worth $1,891,000 after acquiring an additional 6,550 shares in the last quarter. MML Investors Services LLC lifted its holdings in iShares Inflation Hedged Corporate Bond ETF by 14.0% in the 3rd 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 last quarter. Finally, Strategic Financial Concepts LLC boosted its position in shares of iShares Inflation Hedged Corporate Bond ETF by 2,340.4% during the 2nd quarter. Strategic Financial Concepts LLC now owns 233,721 shares of the company’s stock valued at $60,000 after purchasing an additional 224,144 shares in 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.