iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Sees Unusually-High Trading Volume – Should You Buy?

Shares of iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD – Get Free Report) saw strong trading volume on Thursday. Approximately 207,748 shares traded hands during trading, a decline of 16% from the previous session’s volume of 246,359 shares. The stock last traded at $49.5850 and had previously closed at $49.46.

iShares 0-5 Year Investment Grade Corporate Bond ETF Trading Up 0.2%

The firm’s 50-day moving average price is $49.81 and its 200 day moving average price is $50.13.

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

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a $0.1891 dividend. The ex-dividend date was Thursday, October 1st. This represents a $2.27 dividend on an annualized basis and a dividend yield of 4.6%. This is an increase from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.1864.

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

Several large investors have recently added to or reduced their stakes in SLQD. Highland Investment Advisors LLC purchased a new position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF during the second quarter valued at approximately $25,000. CoreCap Advisors LLC purchased a new stake in iShares 0-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at $45,000. NBT Bank N A NY lifted its stake in 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 valued at $58,000 after acquiring an additional 1,094 shares in the last quarter. Parallel Advisors LLC lifted its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 14.4% during the 1st quarter. Parallel Advisors LLC now owns 11,377 shares of the company’s stock valued at $574,000 after acquiring an additional 1,432 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 19.7% during the 1st quarter. Arkadios Wealth Advisors now owns 22,236 shares of the company’s stock valued at $1,123,000 after acquiring an additional 3,665 shares in the last quarter.

About iShares 0-5 Year Investment Grade Corporate Bond ETF

(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.

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