iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Sees Unusually-High Trading Volume – Time to Buy?

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) saw strong trading volume on Thursday. Approximately 207,748 shares changed hands during mid-day trading, a decline of 16% from the previous session’s volume of 246,359 shares. The stock last traded at $49.5850 and had previously closed at $49.46.

iShares 0-5 Year Investment Grade Corporate Bond ETF Stock Up 0.0%

The stock has a fifty day moving average price of $49.79 and a 200-day moving average price of $50.12.

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

The firm also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were given a dividend of $0.1891 per share. The ex-dividend date of this dividend was Thursday, October 1st. This is a positive change from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.1864. This represents a $2.27 annualized dividend and a yield of 4.6%.

Institutional Investors Weigh In On iShares 0-5 Year Investment Grade Corporate Bond ETF

A number of institutional investors have recently bought and sold shares of the business. CoreCap Advisors LLC acquired a new position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at about $45,000. Highland Investment Advisors LLC acquired a new stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF during the second quarter worth approximately $25,000. Parallel Advisors LLC boosted its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 14.4% during the first 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. Arkadios Wealth Advisors boosted its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 19.7% during the first quarter. Arkadios Wealth Advisors now owns 22,236 shares of the company’s stock worth $1,123,000 after purchasing an additional 3,665 shares during the period. Finally, NBT Bank N A NY grew its position in iShares 0-5 Year Investment Grade Corporate Bond ETF by 2,145.1% during the first 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 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.