iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Sets New 1-Year Low – Should You Sell?

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQDGet Free Report) reached a new 52-week low on Wednesday . The company traded as low as $49.59 and last traded at $49.5950, with a volume of 24260 shares trading hands. The stock had previously closed at $49.71.

iShares 0-5 Year Investment Grade Corporate Bond ETF Stock Down 0.3%

The company has a fifty day moving average price of $50.03 and a 200-day moving average price of $50.24.

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

The business also recently declared a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were issued a $0.1864 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This is a boost from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18. This represents a c) dividend on an annualized basis and a yield of 4.5%.

Institutional Investors Weigh In On iShares 0-5 Year Investment Grade Corporate Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in SLQD. Highland Investment Advisors LLC acquired a new position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF in the 2nd quarter valued at $25,000. NBT Bank N A NY increased its holdings in 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 buying an additional 1,094 shares in the last quarter. Parallel Advisors LLC raised its position in shares of 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 during the period. Arkadios Wealth Advisors raised its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 19.7% in the first quarter. Arkadios Wealth Advisors now owns 22,236 shares of the company’s stock worth $1,123,000 after acquiring an additional 3,665 shares during the period. Finally, Cary Street Partners Financial LLC grew its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 1.5% during the 4th quarter. Cary Street Partners Financial LLC now owns 26,867 shares of the company’s stock valued at $1,362,000 after acquiring an additional 389 shares during the period.

iShares 0-5 Year Investment Grade Corporate Bond ETF Company Profile

(Get Free Report)

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.

Further Reading

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