iShares Aaa – A Rated Corporate Bond ETF (NYSEARCA:QLTA) Hits New 52-Week Low – Time to Sell?

Shares of iShares Aaa – A Rated Corporate Bond ETF (NYSEARCA:QLTAGet Free Report) reached a new 52-week low during trading on Tuesday . The company traded as low as $46.21 and last traded at $46.23, with a volume of 4512 shares. The stock had previously closed at $46.50.

iShares Aaa – A Rated Corporate Bond ETF Trading Up 0.1%

The firm’s fifty day moving average is $46.76 and its 200 day moving average is $47.35.

Institutional Investors Weigh In On iShares Aaa – A Rated Corporate Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of QLTA. Signature Equity Partners LLC lifted its stake in shares of iShares Aaa – A Rated Corporate Bond ETF by 250.0% during the 1st quarter. Signature Equity Partners LLC now owns 553 shares of the company’s stock worth $26,000 after acquiring an additional 395 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new position in iShares Aaa – A Rated Corporate Bond ETF in the 3rd quarter valued at $34,000. Palladiem LLC purchased a new stake in iShares Aaa – A Rated Corporate Bond ETF in the fourth quarter worth $35,000. WealthShield Partners LLC purchased a new stake in iShares Aaa – A Rated Corporate Bond ETF in the fourth quarter worth $48,000. Finally, Steward Partners Investment Advisory LLC increased its stake in iShares Aaa – A Rated Corporate Bond ETF by 184.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,232 shares of the company’s stock worth $59,000 after purchasing an additional 799 shares during the period.

iShares Aaa – A Rated Corporate Bond ETF Company Profile

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The iShares Aaa – A Rated Corporate Bond ETF (QLTA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of dollar-denominated fixed-rate corporate bonds rated AAA-A issued by US and non-US corporations with maturities of at least one year. QLTA was launched on Feb 14, 2012 and is managed by BlackRock.

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