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

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $49.65 and last traded at $49.6550, with a volume of 189495 shares trading hands. The stock had previously closed at $49.67.

iShares 0-5 Year Investment Grade Corporate Bond ETF Trading Up 0.2%

The firm’s fifty day moving average is $50.05 and its 200 day moving average is $50.26.

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. Investors of record on Tuesday, September 1st were paid a $0.1864 dividend. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Tuesday, September 1st. This is a boost from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SLQD. Highland Investment Advisors LLC bought a new stake in iShares 0-5 Year Investment Grade Corporate Bond ETF during the second quarter worth approximately $25,000. Parallel Advisors LLC boosted its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 14.4% during the 1st quarter. Parallel Advisors LLC now owns 11,377 shares of the company’s stock worth $574,000 after buying an additional 1,432 shares during the period. Arkadios Wealth Advisors grew its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 19.7% in the 1st quarter. Arkadios Wealth Advisors now owns 22,236 shares of the company’s stock valued at $1,123,000 after buying an additional 3,665 shares during the last quarter. NBT Bank N A NY raised its holdings in iShares 0-5 Year Investment Grade Corporate Bond ETF by 2,145.1% in the 1st quarter. NBT Bank N A NY now owns 1,145 shares of the company’s stock worth $58,000 after acquiring an additional 1,094 shares during the period. Finally, Turn8 Private Wealth Inc. lifted its position in iShares 0-5 Year Investment Grade Corporate Bond ETF by 28.1% during the 1st quarter. Turn8 Private Wealth Inc. now owns 60,142 shares of the company’s stock worth $3,037,000 after acquiring an additional 13,188 shares during 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.