iShares Aaa – A Rated Corporate Bond ETF (NYSEARCA:QLTA) Hits New 12-Month Low – Time to Sell?

iShares Aaa – A Rated Corporate Bond ETF (NYSEARCA:QLTA)’s stock price hit a new 52-week low on Tuesday . The stock traded as low as $46.21 and last traded at $46.23, with a volume of 4512 shares traded. The stock had previously closed at $46.50.

iShares Aaa – A Rated Corporate Bond ETF Stock Performance

The business’s 50-day simple moving average is $46.82 and its 200-day simple moving average is $47.38.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. acquired a new position in iShares Aaa – A Rated Corporate Bond ETF during the first quarter valued at $14,357,000. UBS Group AG grew its position in iShares Aaa – A Rated Corporate Bond ETF by 52.5% during the 3rd quarter. UBS Group AG now owns 534,904 shares of the company’s stock worth $25,927,000 after purchasing an additional 184,233 shares during the period. Diversify Wealth Management LLC raised its stake in shares of iShares Aaa – A Rated Corporate Bond ETF by 252.2% during the 1st quarter. Diversify Wealth Management LLC now owns 200,117 shares of the company’s stock valued at $9,504,000 after buying an additional 143,304 shares during the last quarter. Climber Capital SA purchased a new position in shares of iShares Aaa – A Rated Corporate Bond ETF during the 4th quarter valued at about $5,617,000. Finally, Ameriprise Financial Inc. lifted its holdings in shares of iShares Aaa – A Rated Corporate Bond ETF by 36.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 412,430 shares of the company’s stock valued at $19,726,000 after buying an additional 110,606 shares during the period.

About iShares Aaa – A Rated Corporate Bond ETF

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.