iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Hits New 52-Week Low – What’s Next?

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) shares hit a new 52-week low on Tuesday . The stock traded as low as $50.06 and last traded at $50.06, with a volume of 176144 shares changing hands. The stock had previously closed at $50.13.

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

The business’s fifty day moving average price is $50.27 and its 200-day moving average price is $50.51.

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

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

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

Institutional investors and hedge funds have recently bought and sold shares of the company. Ameriprise Financial Inc. grew its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 3.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 887,637 shares of the company’s stock valued at $44,894,000 after purchasing an additional 31,437 shares in the last quarter. Triumph Capital Management purchased a new stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF in the third quarter worth $67,000. Adalta Capital Management LLC purchased a new stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF in the third quarter worth $396,000. IFP Advisors Inc boosted its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 11.5% during the third quarter. IFP Advisors Inc now owns 54,182 shares of the company’s stock valued at $2,754,000 after buying an additional 5,582 shares during the period. Finally, Crews Bank & Trust boosted its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 7.6% during the fourth quarter. Crews Bank & Trust now owns 736,390 shares of the company’s stock valued at $37,335,000 after buying an additional 52,047 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.