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

Shares of iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) reached a new 52-week low during trading on Wednesday . The stock traded as low as $50.12 and last traded at $50.13, with a volume of 2736 shares trading hands. The stock had previously closed at $50.24.

iShares 0-5 Year Investment Grade Corporate Bond ETF Stock Down 0.1%

The stock’s 50 day moving average price is $50.30 and its two-hundred day moving average price is $50.53.

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

The business also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.1839 per share. The ex-dividend date was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%.

Institutional Trading of iShares 0-5 Year Investment Grade Corporate Bond ETF

A number of hedge funds have recently modified their holdings of the stock. Loomis Sayles & Co. L P grew its holdings in iShares 0-5 Year Investment Grade Corporate Bond ETF by 156.7% during the fourth quarter. Loomis Sayles & Co. L P now owns 172,000 shares of the company’s stock worth $8,720,000 after acquiring an additional 105,000 shares during the period. Crews Bank & Trust lifted its holdings in iShares 0-5 Year Investment Grade Corporate Bond ETF by 7.6% in the fourth quarter. Crews Bank & Trust now owns 736,390 shares of the company’s stock valued at $37,335,000 after acquiring an additional 52,047 shares during the period. Ameriprise Financial Inc. lifted its holdings in iShares 0-5 Year Investment Grade Corporate Bond ETF by 5.6% in the third quarter. Ameriprise Financial Inc. now owns 936,991 shares of the company’s stock valued at $47,617,000 after acquiring an additional 49,354 shares during the period. Creative Financial Designs Inc. ADV boosted its position in iShares 0-5 Year Investment Grade Corporate Bond ETF by 5.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 488,532 shares of the company’s stock worth $24,769,000 after purchasing an additional 24,974 shares in the last quarter. Finally, Turn8 Private Wealth Inc. boosted its position in iShares 0-5 Year Investment Grade Corporate Bond ETF by 28.1% in the 1st quarter. Turn8 Private Wealth Inc. now owns 60,142 shares of the company’s stock worth $3,037,000 after purchasing an additional 13,188 shares in 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.