iShares Aaa – A Rated Corporate Bond ETF (NYSEARCA:QLTA) Reaches New 1-Year Low – Should You Sell?

Shares of iShares Aaa – A Rated Corporate Bond ETF (NYSEARCA:QLTA) hit a new 52-week low during trading on Wednesday. The stock traded as low as $45.65 and last traded at $45.6350, with a volume of 110776 shares. The stock had previously closed at $46.02.

iShares Aaa – A Rated Corporate Bond ETF Trading Down 0.7%

The firm’s fifty day simple moving average is $46.34 and its 200 day simple moving average is $47.06.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pacific Wealth Management increased its stake in iShares Aaa – A Rated Corporate Bond ETF by 3.0% in the 4th quarter. Pacific Wealth Management now owns 315,081 shares of the company’s stock worth $15,152,000 after acquiring an additional 9,163 shares during the last quarter. Citadel Advisors LLC grew its holdings in shares of iShares Aaa – A Rated Corporate Bond ETF by 47.1% in the second quarter. Citadel Advisors LLC now owns 216,791 shares of the company’s stock valued at $10,302,000 after purchasing an additional 69,369 shares in the last quarter. Diversify Wealth Management LLC increased its position in iShares Aaa – A Rated Corporate Bond ETF by 252.2% in the first quarter. Diversify Wealth Management LLC now owns 200,117 shares of the company’s stock worth $9,504,000 after purchasing an additional 143,304 shares during the last quarter. Madison Asset Management LLC raised its stake in iShares Aaa – A Rated Corporate Bond ETF by 5.1% during the first quarter. Madison Asset Management LLC now owns 197,753 shares of the company’s stock valued at $9,411,000 after purchasing an additional 9,649 shares in the last quarter. Finally, Sterling Investment Advisors LLC ADV raised its stake in iShares Aaa – A Rated Corporate Bond ETF by 4.6% during the second quarter. Sterling Investment Advisors LLC ADV now owns 180,540 shares of the company’s stock valued at $8,579,000 after purchasing an additional 7,974 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.