iShares Aaa – A Rated Corporate Bond ETF (NYSEARCA:QLTA) Hits New 12-Month Low – Time to Sell?

iShares Aaa – A Rated Corporate Bond ETF (NYSEARCA:QLTA)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $46.21 and last traded at $46.23, with a volume of 4512 shares. The stock had previously closed at $46.50.

iShares Aaa – A Rated Corporate Bond ETF Trading Down 0.5%

The firm has a 50-day moving average of $46.82 and a two-hundred day moving average of $47.38.

Hedge Funds Weigh In On iShares Aaa – A Rated Corporate Bond ETF

Several institutional investors have recently made changes to their positions in QLTA. Global Assets Advisory LLC lifted its stake in shares of iShares Aaa – A Rated Corporate Bond ETF by 2.8% in the 1st quarter. Global Assets Advisory LLC now owns 12,520 shares of the company’s stock valued at $596,000 after purchasing an additional 344 shares during the period. Signature Equity Partners LLC grew its position in iShares Aaa – A Rated Corporate Bond ETF by 250.0% during the first quarter. Signature Equity Partners LLC now owns 553 shares of the company’s stock valued at $26,000 after buying an additional 395 shares during the period. RKL Wealth Management LLC grew its position in iShares Aaa – A Rated Corporate Bond ETF by 1.1% during the fourth quarter. RKL Wealth Management LLC now owns 42,127 shares of the company’s stock valued at $2,026,000 after buying an additional 473 shares during the period. Hanover Advisors Inc. increased its holdings in iShares Aaa – A Rated Corporate Bond ETF by 1.6% in the first quarter. Hanover Advisors Inc. now owns 31,317 shares of the company’s stock valued at $1,490,000 after buying an additional 480 shares in the last quarter. Finally, AMG National Trust Bank increased its holdings in iShares Aaa – A Rated Corporate Bond ETF by 5.3% in the first quarter. AMG National Trust Bank now owns 9,850 shares of the company’s stock valued at $469,000 after buying an additional 500 shares in the last quarter.

About iShares Aaa – A Rated Corporate Bond ETF

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.