Farmers & Merchants Investments Inc. Sells 23,125 Shares of iShares 0-5 Year Investment Grade Corporate Bond ETF $SLQD

Farmers & Merchants Investments Inc. lessened its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) by 2.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,008,095 shares of the company’s stock after selling 23,125 shares during the period. iShares 0-5 Year Investment Grade Corporate Bond ETF accounts for 1.5% of Farmers & Merchants Investments Inc.’s holdings, making the stock its 12th largest position. Farmers & Merchants Investments Inc.’s holdings in iShares 0-5 Year Investment Grade Corporate Bond ETF were worth $51,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of SLQD. Ameriprise Financial Inc. lifted its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 6.0% during the 1st quarter. Ameriprise Financial Inc. now owns 856,200 shares of the company’s stock worth $43,127,000 after buying an additional 48,416 shares during the period. Partners Capital Investment Group LLP lifted its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 14.1% during the 1st quarter. Partners Capital Investment Group LLP now owns 224,837 shares of the company’s stock worth $11,305,000 after buying an additional 27,702 shares during the period. Colonial Trust Advisors lifted its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 10.7% during the 1st quarter. Colonial Trust Advisors now owns 256,394 shares of the company’s stock worth $12,891,000 after buying an additional 24,682 shares during the period. Creative Financial Designs Inc. ADV lifted its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 3.4% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 423,385 shares of the company’s stock worth $21,288,000 after buying an additional 13,947 shares during the period. Finally, Argent Advisors Inc. lifted its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 20.7% during the 1st quarter. Argent Advisors Inc. now owns 38,894 shares of the company’s stock worth $1,956,000 after buying an additional 6,671 shares during the period.

iShares 0-5 Year Investment Grade Corporate Bond ETF Stock Up 0.0%

SLQD stock opened at $50.83 on Monday. The business has a fifty day moving average price of $50.62 and a 200 day moving average price of $50.34. iShares 0-5 Year Investment Grade Corporate Bond ETF has a fifty-two week low of $49.53 and a fifty-two week high of $50.90.

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

The company also recently announced a monthly dividend, which was paid on Friday, September 5th. Stockholders of record on Tuesday, September 2nd were paid a $0.1796 dividend. This is an increase from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.17. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 4.2%.

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.