iShares Aaa – A Rated Corporate Bond ETF (NYSEARCA:QLTA) Hits New 1-Year Low – What’s Next?

iShares Aaa – A Rated Corporate Bond ETF (NYSEARCA:QLTA) shares hit a new 52-week low during trading on Monday . The company traded as low as $46.78 and last traded at $46.81, with a volume of 68020 shares traded. The stock had previously closed at $46.94.

iShares Aaa – A Rated Corporate Bond ETF Price Performance

The firm has a 50 day moving average of $47.34 and a two-hundred day moving average of $47.76.

Institutional Investors Weigh In On iShares Aaa – A Rated Corporate Bond ETF

A number of institutional investors have recently modified their holdings of the stock. Heck Capital Advisors LLC grew its stake in shares of iShares Aaa – A Rated Corporate Bond ETF by 9.1% during the 4th quarter. Heck Capital Advisors LLC now owns 140,079 shares of the company’s stock valued at $6,736,000 after purchasing an additional 11,713 shares during the period. Diversify Wealth Management LLC bought a new position in shares of iShares Aaa – A Rated Corporate Bond ETF in the 4th quarter worth approximately $2,741,000. Climber Capital SA purchased a new position in shares of iShares Aaa – A Rated Corporate Bond ETF in the fourth quarter worth approximately $5,617,000. Fonville Wealth Management LLC boosted its holdings in shares of iShares Aaa – A Rated Corporate Bond ETF by 6.8% in the fourth quarter. Fonville Wealth Management LLC now owns 198,117 shares of the company’s stock worth $9,527,000 after buying an additional 12,630 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of iShares Aaa – A Rated Corporate Bond ETF by 62.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 78,804 shares of the company’s stock worth $3,790,000 after buying an additional 30,288 shares during the last quarter.

iShares Aaa – A Rated Corporate Bond ETF Company Profile

The iShares Aaa – A Rated Corporate Bond ETF (QLTA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of dollar-denominated fixed-rate corporate bonds rated AAA-A issued by US and non-US corporations with maturities of at least one year. QLTA was launched on Feb 14, 2012 and is managed by BlackRock.