iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Sets New 52-Week Low – Here’s What Happened

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $50.02 and last traded at $50.04, with a volume of 5150 shares. The stock had previously closed at $50.09.

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

The business’s fifty day moving average is $50.24 and its two-hundred day moving average is $50.48.

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

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.1839 per share. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 4.4%.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. NBT Bank N A NY raised its position in shares of 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 buying an additional 1,094 shares in the last quarter. Triumph Capital Management purchased a new position in iShares 0-5 Year Investment Grade Corporate Bond ETF in the third quarter worth about $67,000. Adalta Capital Management LLC purchased a new position in iShares 0-5 Year Investment Grade Corporate Bond ETF in the third quarter worth about $396,000. Parallel Advisors LLC increased its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 14.4% during the first quarter. Parallel Advisors LLC now owns 11,377 shares of the company’s stock worth $574,000 after acquiring an additional 1,432 shares during the last quarter. Finally, Arkadios Wealth Advisors increased its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 22.1% during the fourth quarter. Arkadios Wealth Advisors now owns 18,571 shares of the company’s stock worth $942,000 after acquiring an additional 3,362 shares during 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.