iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Sets New 12-Month Low – What’s Next?

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD)’s stock price hit a new 52-week low on Tuesday . The stock traded as low as $49.89 and last traded at $49.90, with a volume of 1700 shares. The stock had previously closed at $50.13.

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

The firm’s fifty day moving average price is $50.17 and its 200-day moving average price is $50.36.

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

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

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

Several large investors have recently bought and sold shares of the stock. Highland Investment Advisors LLC purchased a new position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF during the second quarter worth about $25,000. NBT Bank N A NY lifted its holdings 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 valued at $58,000 after purchasing an additional 1,094 shares during the last quarter. Triumph Capital Management purchased a new stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at about $67,000. Adalta Capital Management LLC purchased a new stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at about $396,000. Finally, Parallel Advisors LLC boosted its position in shares of 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 valued at $574,000 after purchasing an additional 1,432 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.