iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Reaches New 1-Year High – Should You Buy?

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) shares reached a new 52-week high during trading on Thursday . The company traded as high as $51.15 and last traded at $51.15, with a volume of 300 shares changing hands. The stock had previously closed at $50.21.

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

The business has a 50-day moving average of $50.18 and a 200 day moving average of $50.38.

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

The company also recently declared a monthly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were paid a dividend of $0.1869 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 4.5%. This is an increase from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18.

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 the company. Highland Investment Advisors LLC acquired a new stake in iShares 0-5 Year Investment Grade Corporate Bond ETF during the second quarter worth approximately $25,000. NBT Bank N A NY grew its position 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 valued at $58,000 after purchasing an additional 1,094 shares during the period. Triumph Capital Management acquired a new position in iShares 0-5 Year Investment Grade Corporate Bond ETF in the third quarter valued at $67,000. Adalta Capital Management LLC acquired a new position in iShares 0-5 Year Investment Grade Corporate Bond ETF in the third quarter valued at $396,000. Finally, Parallel Advisors LLC boosted its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 14.4% in the 1st quarter. Parallel Advisors LLC now owns 11,377 shares of the company’s stock worth $574,000 after buying an additional 1,432 shares during 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.