iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Hits New 12-Month Low – Here’s What Happened

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) shares reached a new 52-week low on Tuesday . The stock traded as low as $50.06 and last traded at $50.06, with a volume of 176144 shares traded. The stock had previously closed at $50.13.

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

The firm’s 50-day moving average price is $50.27 and its 200-day moving average price is $50.51.

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

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

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

Several institutional investors have recently made changes to their positions in the stock. Cary Street Partners Financial LLC boosted its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 1.5% in the fourth quarter. Cary Street Partners Financial LLC now owns 26,867 shares of the company’s stock worth $1,362,000 after acquiring an additional 389 shares during the period. NBT Bank N A NY raised its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 2,145.1% during the 1st 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 during the period. Triumph Capital Management bought a new stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF during the 3rd quarter valued at $67,000. Parallel Advisors LLC raised its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 14.4% during the 1st quarter. Parallel Advisors LLC now owns 11,377 shares of the company’s stock valued at $574,000 after purchasing an additional 1,432 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in iShares 0-5 Year Investment Grade Corporate Bond ETF by 11.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 24,890 shares of the company’s stock worth $1,262,000 after purchasing an additional 2,569 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.