iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Hits New 1-Year High – What’s Next?

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $50.86 and last traded at $50.85, with a volume of 145464 shares traded. The stock had previously closed at $50.83.

iShares 0-5 Year Investment Grade Corporate Bond ETF Trading Up 0.0%

The stock has a fifty day simple moving average of $50.59 and a 200-day simple moving average of $50.32.

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

The firm also recently disclosed a monthly dividend, which was paid on Friday, September 5th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.1796 per share. This is a boost from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.17. The ex-dividend date was Tuesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 4.2%.

Hedge Funds Weigh In On iShares 0-5 Year Investment Grade Corporate Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of SLQD. Waterloo Capital L.P. lifted its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 44.1% in the 2nd quarter. Waterloo Capital L.P. now owns 341,102 shares of the company’s stock valued at $17,256,000 after acquiring an additional 104,429 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 37.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 244,298 shares of the company’s stock worth $12,359,000 after purchasing an additional 66,094 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 6.0% during the 1st quarter. Ameriprise Financial Inc. now owns 856,200 shares of the company’s stock worth $43,127,000 after purchasing an additional 48,416 shares in the last quarter. Partners Capital Investment Group LLP raised its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 14.1% during the 1st quarter. Partners Capital Investment Group LLP now owns 224,837 shares of the company’s stock worth $11,305,000 after purchasing an additional 27,702 shares in the last quarter. Finally, Colonial Trust Advisors raised its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 10.7% during the 1st quarter. Colonial Trust Advisors now owns 256,394 shares of the company’s stock worth $12,891,000 after purchasing an additional 24,682 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.