iShares Aaa – A Rated Corporate Bond ETF (NYSEARCA:QLTA) Sees Strong Trading Volume – Time to Buy?

iShares Aaa – A Rated Corporate Bond ETF (NYSEARCA:QLTA) saw unusually-strong trading volume on Thursday . Approximately 564,335 shares traded hands during trading, an increase of 82% from the previous session’s volume of 309,858 shares.The stock last traded at $48.3550 and had previously closed at $48.34.

iShares Aaa – A Rated Corporate Bond ETF Price Performance

The stock has a fifty day simple moving average of $48.25 and a 200-day simple moving average of $48.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QLTA. NewEdge Advisors LLC lifted its position in shares of iShares Aaa – A Rated Corporate Bond ETF by 111.5% during the 1st quarter. NewEdge Advisors LLC now owns 22,735 shares of the company’s stock valued at $1,081,000 after buying an additional 11,984 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in iShares Aaa – A Rated Corporate Bond ETF in the 1st quarter worth about $14,357,000. NorthCrest Asset Manangement LLC raised its holdings in shares of iShares Aaa – A Rated Corporate Bond ETF by 0.4% during the second quarter. NorthCrest Asset Manangement LLC now owns 80,107 shares of the company’s stock valued at $3,811,000 after acquiring an additional 291 shares during the last quarter. Park Avenue Securities LLC boosted its stake in shares of iShares Aaa – A Rated Corporate Bond ETF by 4.4% in the second quarter. Park Avenue Securities LLC now owns 111,472 shares of the company’s stock worth $5,333,000 after acquiring an additional 4,669 shares during the last quarter. Finally, Signet Financial Management LLC increased its position in shares of iShares Aaa – A Rated Corporate Bond ETF by 17.3% during the second quarter. Signet Financial Management LLC now owns 27,140 shares of the company’s stock worth $1,298,000 after purchasing an additional 4,009 shares in the last quarter.

iShares Aaa – A Rated Corporate Bond ETF Company Profile

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.