iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Sees Strong Trading Volume – Still a Buy?

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) saw strong trading volume on Tuesday . 629,769 shares changed hands during mid-day trading, an increase of 171% from the previous session’s volume of 232,041 shares.The stock last traded at $50.10 and had previously closed at $50.10.

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

The business’s fifty day moving average price is $49.87 and its 200 day moving average price is $49.97.

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

The firm also recently declared a dividend, which will be paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd will be issued a $0.1673 dividend. The ex-dividend date is Monday, March 3rd. This is an increase from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous dividend of $0.16.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in SLQD. Atlas Capital Advisors Inc. acquired a new stake in iShares 0-5 Year Investment Grade Corporate Bond ETF in the 4th quarter worth about $70,000. BNP Paribas Financial Markets raised its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 58.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,721 shares of the company’s stock worth $137,000 after purchasing an additional 1,006 shares during the period. AdvisorNet Financial Inc acquired a new position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at about $140,000. Sunbelt Securities Inc. grew its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 23.0% during the 4th quarter. Sunbelt Securities Inc. now owns 3,354 shares of the company’s stock worth $167,000 after purchasing an additional 627 shares during the period. Finally, Avior Wealth Management LLC acquired a new stake in iShares 0-5 Year Investment Grade Corporate Bond ETF during the 4th quarter worth approximately $209,000.

iShares 0-5 Year Investment Grade Corporate Bond ETF Company Profile

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.