iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Sees Strong Trading Volume – Here’s Why

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) saw an uptick in trading volume on Friday . Approximately 599,869 shares traded hands during mid-day trading, an increase of 154% from the previous session’s volume of 236,017 shares.The stock last traded at $50.15 and had previously closed at $50.16.

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

The stock’s 50 day simple moving average is $50.18 and its two-hundred day simple moving average is $50.39.

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 given a dividend of $0.1869 per share. 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.

Institutional Trading of iShares 0-5 Year Investment Grade Corporate Bond ETF

Institutional investors have recently modified their holdings of the company. NBT Bank N A NY raised 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 during the period. Triumph Capital Management purchased a new position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at $67,000. Adalta Capital Management LLC acquired a new position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF during the 3rd quarter valued at $396,000. Parallel Advisors LLC boosted its position 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 worth $574,000 after purchasing an additional 1,432 shares during the period. Finally, Arkadios Wealth Advisors increased its holdings in iShares 0-5 Year Investment Grade Corporate Bond ETF by 22.1% in the 4th quarter. Arkadios Wealth Advisors now owns 18,571 shares of the company’s stock valued at $942,000 after purchasing an additional 3,362 shares in 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.