iShares Aaa – A Rated Corporate Bond ETF (NYSEARCA:QLTA) Sees Strong Trading Volume – Still a Buy?

Shares of iShares Aaa – A Rated Corporate Bond ETF (NYSEARCA:QLTAGet Free Report) saw strong trading volume on Tuesday . 462,783 shares were traded during mid-day trading, an increase of 231% from the previous session’s volume of 139,719 shares.The stock last traded at $48.0650 and had previously closed at $48.16.

iShares Aaa – A Rated Corporate Bond ETF Price Performance

The company’s fifty day simple moving average is $48.29 and its 200 day simple moving average is $48.14.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. raised its position in iShares Aaa – A Rated Corporate Bond ETF by 28.0% during the third quarter. Envestnet Asset Management Inc. now owns 2,881,586 shares of the company’s stock worth $139,670,000 after acquiring an additional 630,177 shares during the period. Goldman Sachs Group Inc. acquired a new position in shares of iShares Aaa – A Rated Corporate Bond ETF during the first quarter valued at approximately $14,357,000. Vestmark Advisory Solutions Inc. lifted its position in shares of iShares Aaa – A Rated Corporate Bond ETF by 73.7% in the second quarter. Vestmark Advisory Solutions Inc. now owns 702,586 shares of the company’s stock valued at $33,612,000 after acquiring an additional 298,166 shares in the last quarter. Cornerstone Advisors Asset Management LLC increased its position in shares of iShares Aaa – A Rated Corporate Bond ETF by 189.7% during the third quarter. Cornerstone Advisors Asset Management LLC now owns 386,080 shares of the company’s stock worth $18,713,000 after purchasing an additional 252,792 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D acquired a new position in iShares Aaa – A Rated Corporate Bond ETF in the 3rd quarter valued at $12,118,000.

About iShares Aaa – A Rated Corporate Bond ETF

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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.

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