iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Sets New 1-Year Low – Time to Sell?

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $50.00 and last traded at $50.00, with a volume of 3893 shares traded. The stock had previously closed at $50.16.

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

The firm’s 50 day moving average is $50.23 and its 200 day moving average is $50.46.

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

The firm also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.1839 per share. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Wednesday, July 1st.

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

A number of hedge funds have recently made changes to their positions in the stock. NBT Bank N A NY grew its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 2,145.1% in the 1st quarter. NBT Bank N A NY now owns 1,145 shares of the company’s stock worth $58,000 after buying 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 during the third quarter valued at $67,000. Adalta Capital Management LLC purchased a new position in iShares 0-5 Year Investment Grade Corporate Bond ETF during the third quarter valued at $396,000. Parallel Advisors LLC boosted its holdings 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 worth $574,000 after acquiring an additional 1,432 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its holdings in iShares 0-5 Year Investment Grade Corporate Bond ETF by 22.1% in the fourth quarter. Arkadios Wealth Advisors now owns 18,571 shares of the company’s stock worth $942,000 after acquiring an additional 3,362 shares in 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.