Sowell Financial Services LLC Takes $450,000 Position in iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH)

Sowell Financial Services LLC acquired a new stake in shares of iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,961 shares of the company’s stock, valued at approximately $450,000. Sowell Financial Services LLC owned about 0.18% of iShares Interest Rate Hedged Corporate Bond ETF as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Commonwealth Equity Services LLC lifted its stake in shares of iShares Interest Rate Hedged Corporate Bond ETF by 28.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 9,449 shares of the company’s stock worth $918,000 after buying an additional 2,094 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of iShares Interest Rate Hedged Corporate Bond ETF during the 3rd quarter worth about $663,000. Assetmark Inc. lifted its stake in shares of iShares Interest Rate Hedged Corporate Bond ETF by 15.8% during the 3rd quarter. Assetmark Inc. now owns 147,762 shares of the company’s stock worth $14,357,000 after buying an additional 20,115 shares during the last quarter. LPL Financial LLC lifted its stake in shares of iShares Interest Rate Hedged Corporate Bond ETF by 38.3% during the 3rd quarter. LPL Financial LLC now owns 26,984 shares of the company’s stock worth $2,622,000 after buying an additional 7,467 shares during the last quarter. Finally, Morgan Stanley acquired a new stake in shares of iShares Interest Rate Hedged Corporate Bond ETF during the 3rd quarter worth about $48,366,000.

Shares of NYSEARCA LQDH traded down $0.03 during mid-day trading on Wednesday, reaching $94.41. 23,513 shares of the company were exchanged, compared to its average volume of 35,903. iShares Interest Rate Hedged Corporate Bond ETF has a twelve month low of $90.17 and a twelve month high of $97.47.

The business also recently announced a monthly dividend, which was paid on Monday, April 8th. Stockholders of record on Wednesday, April 3rd were paid a dividend of $0.2613 per share. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend was Tuesday, April 2nd. This is a boost from iShares Interest Rate Hedged Corporate Bond ETF’s previous monthly dividend of $0.26.

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Further Reading: Ex-Dividend

Institutional Ownership by Quarter for iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH)

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