iShares Aaa – A Rated Corporate Bond ETF (NYSEARCA:QLTA) Reaches New 52-Week Low – Here’s Why

iShares Aaa – A Rated Corporate Bond ETF (NYSEARCA:QLTA) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $45.65 and last traded at $45.73, with a volume of 348098 shares changing hands. The stock had previously closed at $45.76.

iShares Aaa – A Rated Corporate Bond ETF Stock Up 0.1%

The stock has a 50-day simple moving average of $46.48 and a 200 day simple moving average of $47.17.

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

A number of institutional investors have recently bought and sold shares of the business. Signature Equity Partners LLC raised its stake in shares of iShares Aaa – A Rated Corporate Bond ETF by 250.0% in the 1st quarter. Signature Equity Partners LLC now owns 553 shares of the company’s stock valued at $26,000 after buying an additional 395 shares in the last quarter. Palladiem LLC acquired a new stake in shares of iShares Aaa – A Rated Corporate Bond ETF during the 4th quarter valued at about $35,000. PNC Financial Services Group Inc. increased its stake in iShares Aaa – A Rated Corporate Bond ETF by 46.5% in the first quarter. PNC Financial Services Group Inc. now owns 2,818 shares of the company’s stock valued at $134,000 after acquiring an additional 895 shares during the period. Fifth Third Bancorp bought a new stake in iShares Aaa – A Rated Corporate Bond ETF in the first quarter valued at about $139,000. Finally, Geneos Wealth Management Inc. increased its stake in iShares Aaa – A Rated Corporate Bond ETF by 23.1% in the first quarter. Geneos Wealth Management Inc. now owns 3,154 shares of the company’s stock valued at $150,000 after acquiring an additional 592 shares during the period.

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.