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

Shares of iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) hit a new 52-week low on Tuesday . The stock traded as low as $50.06 and last traded at $50.06, with a volume of 176144 shares traded. The stock had previously closed at $50.13.

iShares 0-5 Year Investment Grade Corporate Bond ETF Stock Performance

The company has a 50-day moving average of $50.26 and a 200-day moving average of $50.51.

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

The firm also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Stockholders 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%.

Hedge Funds Weigh In On iShares 0-5 Year Investment Grade Corporate Bond ETF

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