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

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $48.40 and last traded at $48.40, with a volume of 321 shares trading hands. The stock had previously closed at $50.40.

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

The company’s 50 day moving average price is $50.75 and its 200 day moving average price is $50.75.

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

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.1803 per share. This is a boost from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.3%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its position in iShares 0-5 Year Investment Grade Corporate Bond ETF by 37.1% during the second quarter. JPMorgan Chase & Co. now owns 244,298 shares of the company’s stock worth $12,359,000 after purchasing an additional 66,094 shares during the period. Waterloo Capital L.P. lifted its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 44.1% in the second quarter. Waterloo Capital L.P. now owns 341,102 shares of the company’s stock worth $17,256,000 after buying an additional 104,429 shares during the last quarter. Colonial Trust Advisors boosted its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 5.4% during the 2nd quarter. Colonial Trust Advisors now owns 270,227 shares of the company’s stock worth $13,671,000 after buying an additional 13,833 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 3.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 887,637 shares of the company’s stock worth $44,894,000 after buying an additional 31,437 shares during the period. Finally, Sound Income Strategies LLC grew its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 742.9% in the 3rd quarter. Sound Income Strategies LLC now owns 2,495 shares of the company’s stock valued at $126,000 after buying an additional 2,199 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.