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)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $49.89 and last traded at $49.90, with a volume of 1700 shares traded. The stock had previously closed at $50.13.

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

The business’s 50 day moving average is $50.17 and its 200 day moving average is $50.36.

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

The firm also recently declared a monthly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.1869 per share. This is a positive change from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18. The ex-dividend date of this dividend was Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 4.5%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Cary Street Partners Financial LLC lifted its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 1.5% during the fourth quarter. Cary Street Partners Financial LLC now owns 26,867 shares of the company’s stock worth $1,362,000 after purchasing an additional 389 shares during the last quarter. Highland Investment Advisors LLC acquired a new position in iShares 0-5 Year Investment Grade Corporate Bond ETF in the second quarter valued at approximately $25,000. NBT Bank N A NY increased its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 2,145.1% in the first quarter. NBT Bank N A NY now owns 1,145 shares of the company’s stock valued at $58,000 after purchasing an additional 1,094 shares during the last quarter. Triumph Capital Management purchased a new position in iShares 0-5 Year Investment Grade Corporate Bond ETF in the third quarter valued at approximately $67,000. Finally, Parallel Advisors LLC increased its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 14.4% in the first quarter. Parallel Advisors LLC now owns 11,377 shares of the company’s stock valued at $574,000 after purchasing an additional 1,432 shares during the last quarter.

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.