iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Reaches New 52-Week Low – Here’s What Happened

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD)’s share price hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $49.59 and last traded at $49.5950, with a volume of 24260 shares changing hands. The stock had previously closed at $49.71.

iShares 0-5 Year Investment Grade Corporate Bond ETF Trading Down 0.1%

The stock’s 50-day simple moving average is $50.00 and its 200 day simple moving average is $50.23.

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

The business also recently announced a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were issued a dividend of $0.1864 per share. This represents a $2.24 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Tuesday, September 1st. This is a positive change from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.1832.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Colonial Trust Advisors lifted its position in iShares 0-5 Year Investment Grade Corporate Bond ETF by 2.3% during the fourth quarter. Colonial Trust Advisors now owns 292,855 shares of the company’s stock worth $14,848,000 after acquiring an additional 6,690 shares during the last quarter. Colonial Trust Co SC boosted its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 2.4% in the fourth quarter. Colonial Trust Co SC now owns 179,355 shares of the company’s stock valued at $9,093,000 after acquiring an additional 4,183 shares during the period. Turn8 Private Wealth Inc. grew its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 28.1% in the first quarter. Turn8 Private Wealth Inc. now owns 60,142 shares of the company’s stock valued at $3,037,000 after acquiring an additional 13,188 shares in the last quarter. Argent Advisors Inc. grew its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 9.8% in the fourth quarter. Argent Advisors Inc. now owns 41,992 shares of the company’s stock valued at $2,129,000 after acquiring an additional 3,741 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in iShares 0-5 Year Investment Grade Corporate Bond ETF by 25.3% during the first quarter. Janney Montgomery Scott LLC now owns 31,185 shares of the company’s stock worth $1,575,000 after acquiring an additional 6,295 shares during the period.

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.