iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Sets New 12-Month Low – Time to Sell?

Shares of iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) hit a new 52-week low on Thursday . The stock traded as low as $50.02 and last traded at $50.04, with a volume of 5150 shares traded. The stock had previously closed at $50.09.

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

The business has a 50-day moving average price of $50.25 and a 200-day moving average price of $50.49.

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

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NBT Bank N A NY increased its position in iShares 0-5 Year Investment Grade Corporate Bond ETF by 2,145.1% during the 1st quarter. NBT Bank N A NY now owns 1,145 shares of the company’s stock valued at $58,000 after purchasing an additional 1,094 shares during the period. Triumph Capital Management bought a new stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at about $67,000. Adalta Capital Management LLC purchased a new stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter worth approximately $396,000. Parallel Advisors LLC lifted its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 14.4% in the 1st quarter. Parallel Advisors LLC now owns 11,377 shares of the company’s stock worth $574,000 after purchasing an additional 1,432 shares during the period. Finally, Arkadios Wealth Advisors boosted its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 22.1% during the fourth quarter. Arkadios Wealth Advisors now owns 18,571 shares of the company’s stock valued at $942,000 after purchasing an additional 3,362 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.