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

Shares of iShares Aaa – A Rated Corporate Bond ETF (NYSEARCA:QLTA) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $46.72 and last traded at $46.72, with a volume of 4062 shares. The stock had previously closed at $46.83.

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

The company has a 50 day simple moving average of $47.27 and a 200-day simple moving average of $47.70.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Global Assets Advisory LLC raised its holdings in 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 buying an additional 344 shares during the last quarter. Signature Equity Partners LLC grew its holdings in iShares Aaa – A Rated Corporate Bond ETF by 250.0% during the 1st quarter. Signature Equity Partners LLC now owns 553 shares of the company’s stock worth $26,000 after acquiring an additional 395 shares during the last quarter. RKL Wealth Management LLC grew its holdings in iShares Aaa – A Rated Corporate Bond ETF by 1.1% during the 4th quarter. RKL Wealth Management LLC now owns 42,127 shares of the company’s stock worth $2,026,000 after acquiring an additional 473 shares during the last quarter. Hanover Advisors Inc. increased its position in iShares Aaa – A Rated Corporate Bond ETF by 1.6% in the 1st quarter. Hanover Advisors Inc. now owns 31,317 shares of the company’s stock valued at $1,490,000 after acquiring an additional 480 shares during the period. Finally, AMG National Trust Bank increased its position in iShares Aaa – A Rated Corporate Bond ETF by 5.3% in the 1st quarter. AMG National Trust Bank now owns 9,850 shares of the company’s stock valued at $469,000 after acquiring an additional 500 shares during the period.

iShares Aaa – A Rated Corporate Bond ETF Company Profile

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.