Traders Buy Shares of iShares Trust (QLTA) on Weakness
Investors bought shares of iShares Trust (NYSEARCA:QLTA) on weakness during trading hours on Monday. $34.53 million flowed into the stock on the tick-up and $0.71 million flowed out of the stock on the tick-down, for a money net flow of $33.82 million into the stock. Of all stocks tracked, iShares Trust had the 15th highest net in-flow for the day. iShares Trust traded down ($0.10) for the day and closed at $50.81
The firm also recently declared a monthly dividend, which will be paid on Wednesday, March 7th. Shareholders of record on Friday, March 2nd will be given a dividend of $0.1245 per share. This is a boost from iShares Trust’s previous monthly dividend of $0.12. This represents a $1.49 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date is Thursday, March 1st.
Hedge funds and other institutional investors have recently modified their holdings of the business. PFG Advisors bought a new position in iShares Trust during the fourth quarter valued at approximately $574,000. Raymond James & Associates grew its holdings in shares of iShares Trust by 3.7% in the fourth quarter. Raymond James & Associates now owns 32,059 shares of the company’s stock worth $1,694,000 after purchasing an additional 1,158 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of iShares Trust by 8.9% in the fourth quarter. Wells Fargo & Company MN now owns 44,007 shares of the company’s stock worth $2,325,000 after purchasing an additional 3,591 shares during the last quarter. Lenox Wealth Management Inc. bought a new position in shares of iShares Trust in the fourth quarter worth approximately $2,653,000. Finally, Jane Street Group LLC grew its holdings in shares of iShares Trust by 52.2% in the fourth quarter. Jane Street Group LLC now owns 65,538 shares of the company’s stock worth $3,463,000 after purchasing an additional 22,464 shares during the last quarter.
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