iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Sets New 12-Month Low – What’s Next?

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD)’s stock price hit a new 52-week low on Thursday . The stock traded as low as $49.78 and last traded at $49.7770, with a volume of 4134 shares changing hands. The stock had previously closed at $49.90.

iShares 0-5 Year Investment Grade Corporate Bond ETF Stock Down 0.2%

The stock has a fifty day simple moving average of $50.11 and a 200-day simple moving average of $50.32.

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

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

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

Several large investors have recently bought and sold shares of the stock. Highland Investment Advisors LLC acquired a new stake in iShares 0-5 Year Investment Grade Corporate Bond ETF in the 2nd quarter worth $25,000. NBT Bank N A NY lifted its stake in shares of 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 acquired a new stake in iShares 0-5 Year Investment Grade Corporate Bond ETF during the third quarter worth about $67,000. Adalta Capital Management LLC bought a new position in iShares 0-5 Year Investment Grade Corporate Bond ETF during the third quarter valued at about $396,000. Finally, Parallel Advisors LLC raised its holdings in iShares 0-5 Year Investment Grade Corporate Bond ETF by 14.4% in 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.

About iShares 0-5 Year Investment Grade Corporate Bond ETF

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.