iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Hits New 1-Year High – Should You Buy?

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) reached a new 52-week high on Monday . The stock traded as high as $50.94 and last traded at $50.9350, with a volume of 91663 shares changing hands. The stock had previously closed at $50.91.

iShares 0-5 Year Investment Grade Corporate Bond ETF Stock Performance

The firm’s 50 day simple moving average is $50.76 and its 200 day simple moving average is $50.75.

iShares 0-5 Year Investment Grade Corporate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a dividend of $0.1783 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

Institutional Trading of iShares 0-5 Year Investment Grade Corporate Bond ETF

Several institutional investors have recently added to or reduced their stakes in SLQD. Loomis Sayles & Co. L P raised its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 156.7% during the fourth quarter. Loomis Sayles & Co. L P now owns 172,000 shares of the company’s stock valued at $8,720,000 after acquiring an additional 105,000 shares in the last quarter. Waterloo Capital L.P. grew its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 44.1% in the second quarter. Waterloo Capital L.P. now owns 341,102 shares of the company’s stock worth $17,256,000 after purchasing an additional 104,429 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in iShares 0-5 Year Investment Grade Corporate Bond ETF by 37.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 244,298 shares of the company’s stock worth $12,359,000 after purchasing an additional 66,094 shares during the period. Crews Bank & Trust raised its position in iShares 0-5 Year Investment Grade Corporate Bond ETF by 7.6% during the 4th quarter. Crews Bank & Trust now owns 736,390 shares of the company’s stock valued at $37,335,000 after purchasing an additional 52,047 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in iShares 0-5 Year Investment Grade Corporate Bond ETF by 5.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 936,991 shares of the company’s stock valued at $47,617,000 after purchasing an additional 49,354 shares in the last quarter.

About iShares 0-5 Year Investment Grade Corporate Bond ETF

The iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade, USD-denominated corporate bonds with 0-5 years remaining to maturity. SLQD was launched on Oct 15, 2013 and is managed by BlackRock.