iShares Aaa – A Rated Corporate Bond ETF (NYSEARCA:QLTA) Reaches New 1-Year Low – Should You Sell?

Shares of iShares Aaa – A Rated Corporate Bond ETF (NYSEARCA:QLTAGet Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $46.39 and last traded at $46.40, with a volume of 54290 shares trading hands. The stock had previously closed at $46.46.

iShares Aaa – A Rated Corporate Bond ETF Stock Performance

The firm’s 50-day simple moving average is $47.01 and its 200 day simple moving average is $47.51.

Institutional Trading of iShares Aaa – A Rated Corporate Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Heck Capital Advisors LLC raised its holdings in iShares Aaa – A Rated Corporate Bond ETF by 17.7% during the second quarter. Heck Capital Advisors LLC now owns 165,932 shares of the company’s stock worth $7,885,000 after acquiring an additional 24,982 shares in the last quarter. Sterling Investment Advisors LLC ADV increased its position in shares of iShares Aaa – A Rated Corporate Bond ETF by 4.6% during the 2nd quarter. Sterling Investment Advisors LLC ADV now owns 180,540 shares of the company’s stock worth $8,579,000 after purchasing an additional 7,974 shares during the last quarter. SHUTTLEWORTH & Co increased its position in shares of iShares Aaa – A Rated Corporate Bond ETF by 24.7% during the 1st quarter. SHUTTLEWORTH & Co now owns 54,745 shares of the company’s stock worth $2,605,000 after purchasing an additional 10,846 shares during the last quarter. Royal Bank of Canada raised its stake in shares of iShares Aaa – A Rated Corporate Bond ETF by 1.6% during the 1st quarter. Royal Bank of Canada now owns 174,276 shares of the company’s stock worth $8,293,000 after purchasing an additional 2,773 shares in the last quarter. Finally, Glen Eagle Advisors LLC raised its stake in shares of iShares Aaa – A Rated Corporate Bond ETF by 20.0% during the 1st quarter. Glen Eagle Advisors LLC now owns 78,907 shares of the company’s stock worth $3,755,000 after purchasing an additional 13,152 shares in the last quarter.

About iShares Aaa – A Rated Corporate Bond ETF

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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.

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