iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Sets New 12-Month Low – What’s Next?

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) hit a new 52-week low during trading on Thursday . The company traded as low as $49.78 and last traded at $49.7770, with a volume of 4134 shares trading hands. The stock had previously closed at $49.90.

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

The stock’s 50 day simple moving average is $50.11 and its two-hundred day simple moving average is $50.32.

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

The firm also recently announced a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were given a dividend of $0.1864 per share. This is an increase from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18. The ex-dividend date was Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 4.5%.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SLQD. Ameriprise Financial Inc. raised its position in iShares 0-5 Year Investment Grade Corporate Bond ETF by 5.6% in the third quarter. Ameriprise Financial Inc. now owns 936,991 shares of the company’s stock worth $47,617,000 after purchasing an additional 49,354 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in iShares 0-5 Year Investment Grade Corporate Bond ETF by 5.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 488,532 shares of the company’s stock valued at $24,769,000 after purchasing an additional 24,974 shares in the last quarter. Colonial Trust Advisors grew its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 2.3% in the 4th quarter. Colonial Trust Advisors now owns 292,855 shares of the company’s stock valued at $14,848,000 after purchasing an additional 6,690 shares during the period. Colonial Trust Co SC grew its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 2.4% in the 4th quarter. Colonial Trust Co SC now owns 179,355 shares of the company’s stock valued at $9,093,000 after purchasing an additional 4,183 shares during the period. Finally, Loomis Sayles & Co. L P grew its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 156.7% in the 4th quarter. Loomis Sayles & Co. L P now owns 172,000 shares of the company’s stock valued at $8,720,000 after purchasing an additional 105,000 shares during the period.

iShares 0-5 Year Investment Grade Corporate Bond ETF Company Profile

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.