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

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $49.59 and last traded at $49.5950, with a volume of 24260 shares changing hands. The stock had previously closed at $49.71.

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

The stock has a 50 day moving average of $50.03 and a 200-day moving average of $50.24.

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

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

Institutional Investors Weigh In On iShares 0-5 Year Investment Grade Corporate Bond ETF

Large investors have recently bought and sold shares of the company. Highland Investment Advisors LLC acquired a new stake in iShares 0-5 Year Investment Grade Corporate Bond ETF during the 2nd quarter valued at approximately $25,000. NBT Bank N A NY increased its stake in shares of 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 worth $58,000 after acquiring an additional 1,094 shares during the period. Parallel Advisors LLC raised its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 14.4% during the first quarter. Parallel Advisors LLC now owns 11,377 shares of the company’s stock worth $574,000 after purchasing an additional 1,432 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 19.7% during the first quarter. Arkadios Wealth Advisors now owns 22,236 shares of the company’s stock worth $1,123,000 after purchasing an additional 3,665 shares during the last quarter. Finally, Cary Street Partners Financial LLC lifted its position 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 valued at $1,362,000 after purchasing an additional 389 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.