iShares Aaa – A Rated Corporate Bond ETF (NYSEARCA:QLTA) Sees Large Volume Increase – Should You Buy?

iShares Aaa – A Rated Corporate Bond ETF (NYSEARCA:QLTA) shares saw an uptick in trading volume on Thursday . 564,335 shares changed hands during mid-day trading, an increase of 82% from the previous session’s volume of 309,858 shares.The stock last traded at $48.3550 and had previously closed at $48.34.

iShares Aaa – A Rated Corporate Bond ETF Trading Up 0.0%

The firm’s 50-day simple moving average is $48.25 and its two-hundred day simple moving average is $48.17.

Hedge Funds Weigh In On iShares Aaa – A Rated Corporate Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its position in shares of iShares Aaa – A Rated Corporate Bond ETF by 28.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,881,586 shares of the company’s stock worth $139,670,000 after buying an additional 630,177 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of iShares Aaa – A Rated Corporate Bond ETF in the first quarter valued at about $14,357,000. Vestmark Advisory Solutions Inc. grew 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 purchasing an additional 298,166 shares during the last quarter. Cornerstone Advisors Asset Management LLC increased its stake in shares of iShares Aaa – A Rated Corporate Bond ETF by 189.7% during the 3rd 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 purchased a new position in shares of iShares Aaa – A Rated Corporate Bond ETF during the 3rd quarter worth approximately $12,118,000.

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.