iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Sets New 1-Year Low – Time to Sell?

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) hit a new 52-week low during trading on Monday . The stock traded as low as $50.00 and last traded at $50.00, with a volume of 3893 shares traded. The stock had previously closed at $50.16.

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

The business’s 50 day moving average price is $50.23 and its two-hundred day moving average price is $50.46.

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

The business also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were issued a $0.1839 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 4.4%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cary Street Partners Financial LLC lifted its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 1.5% in the 4th quarter. Cary Street Partners Financial LLC now owns 26,867 shares of the company’s stock valued at $1,362,000 after purchasing an additional 389 shares during the period. NBT Bank N A NY raised its holdings in iShares 0-5 Year Investment Grade Corporate Bond ETF by 2,145.1% in the first quarter. NBT Bank N A NY now owns 1,145 shares of the company’s stock worth $58,000 after purchasing an additional 1,094 shares in the last quarter. Triumph Capital Management bought a new position in iShares 0-5 Year Investment Grade Corporate Bond ETF in the third quarter worth $67,000. Parallel Advisors LLC lifted its position in 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 valued at $574,000 after buying an additional 1,432 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in iShares 0-5 Year Investment Grade Corporate Bond ETF by 11.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 24,890 shares of the company’s stock valued at $1,262,000 after buying an additional 2,569 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.