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

Shares of iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $49.78 and last traded at $49.7770, with a volume of 4134 shares changing hands. The stock had previously closed at $49.90.

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

The business has a 50 day moving average of $50.09 and a 200-day moving average of $50.30.

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 4th. Stockholders of record on Tuesday, September 1st were issued a dividend of $0.1864 per share. The ex-dividend date of this dividend 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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cary Street Partners Financial LLC grew its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 1.5% in the 4th quarter. Cary Street Partners Financial LLC now owns 26,867 shares of the company’s stock worth $1,362,000 after buying an additional 389 shares in the last quarter. Highland Investment Advisors LLC purchased a new stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF during the 2nd quarter valued at $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% during the 1st 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 last quarter. Triumph Capital Management purchased a new position in iShares 0-5 Year Investment Grade Corporate Bond ETF in the third quarter worth $67,000. Finally, Parallel Advisors LLC grew its position in iShares 0-5 Year Investment Grade Corporate Bond ETF by 14.4% in the first quarter. Parallel Advisors LLC now owns 11,377 shares of the company’s stock worth $574,000 after acquiring an additional 1,432 shares in the last quarter.

About iShares 0-5 Year Investment Grade Corporate Bond ETF

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.