Summit Financial LLC Has $7.32 Million Stake in iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD)

Summit Financial LLC grew its position in iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) by 7.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 147,227 shares of the company’s stock after purchasing an additional 9,733 shares during the quarter. Summit Financial LLC’s holdings in iShares 0-5 Year Investment Grade Corporate Bond ETF were worth $7,323,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV raised its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 7.6% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 409,438 shares of the company’s stock worth $20,365,000 after buying an additional 28,743 shares in the last quarter. Sierra Capital LLC raised its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 44.1% during the fourth quarter. Sierra Capital LLC now owns 134,622 shares of the company’s stock worth $6,696,000 after acquiring an additional 41,186 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 3.6% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,049,110 shares of the company’s stock worth $52,183,000 after acquiring an additional 36,406 shares during the last quarter. Strategic Advocates LLC lifted its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 18.0% in the fourth quarter. Strategic Advocates LLC now owns 18,087 shares of the company’s stock worth $900,000 after acquiring an additional 2,760 shares during the last quarter. Finally, Crews Bank & Trust acquired a new stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at approximately $31,381,000.

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

SLQD stock opened at $50.26 on Monday. The company has a 50 day simple moving average of $50.01 and a 200 day simple moving average of $49.97. iShares 0-5 Year Investment Grade Corporate Bond ETF has a 1 year low of $48.70 and a 1 year high of $50.46.

iShares 0-5 Year Investment Grade Corporate Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a $0.1673 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous dividend of $0.16.

iShares 0-5 Year Investment Grade Corporate Bond ETF Profile

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.