iShares Aaa – A Rated Corporate Bond ETF (NYSEARCA:QLTA) Reaches 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 Wednesday . The company traded as low as $46.08 and last traded at $46.08, with a volume of 29029 shares traded. The stock had previously closed at $46.20.

iShares Aaa – A Rated Corporate Bond ETF Price Performance

The firm has a 50 day moving average of $46.64 and a two-hundred day moving average of $47.28.

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

A number of hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC increased its position in iShares Aaa – A Rated Corporate Bond ETF by 47.1% during the 2nd quarter. Citadel Advisors LLC now owns 216,791 shares of the company’s stock worth $10,302,000 after purchasing an additional 69,369 shares in the last quarter. Corient Private Wealth LP boosted its position in iShares Aaa – A Rated Corporate Bond ETF by 43.7% in the second quarter. Corient Private Wealth LP now owns 7,212 shares of the company’s stock valued at $343,000 after buying an additional 2,193 shares in the last quarter. Ameritas Advisory Services LLC boosted its position in iShares Aaa – A Rated Corporate Bond ETF by 15.1% in the second quarter. Ameritas Advisory Services LLC now owns 5,347 shares of the company’s stock valued at $254,000 after buying an additional 700 shares in the last quarter. Midwest Professional Planners LTD. grew its stake in shares of iShares Aaa – A Rated Corporate Bond ETF by 6.0% during the second quarter. Midwest Professional Planners LTD. now owns 83,588 shares of the company’s stock worth $3,972,000 after buying an additional 4,712 shares during the last quarter. Finally, Heck Capital Advisors LLC grew its stake in shares of iShares Aaa – A Rated Corporate Bond ETF by 17.7% during the second quarter. Heck Capital Advisors LLC now owns 165,932 shares of the company’s stock worth $7,885,000 after buying an additional 24,982 shares during 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.