iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Sets New 52-Week High – Here’s Why

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) hit a new 52-week high on Thursday . The stock traded as high as $51.15 and last traded at $51.15, with a volume of 300 shares traded. The stock had previously closed at $50.21.

iShares 0-5 Year Investment Grade Corporate Bond ETF Stock Down 0.2%

The business has a 50 day simple moving average of $50.17 and a 200-day simple moving average of $50.37.

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

The company also recently disclosed a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were given a $0.1869 dividend. The ex-dividend date was Monday, August 3rd. This represents a c) annualized dividend and a yield of 4.5%. This is a boost from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SLQD. Highland Investment Advisors LLC acquired a new stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF in the second quarter valued at approximately $25,000. Parallel Advisors LLC boosted its position in shares of 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 worth $574,000 after buying an additional 1,432 shares during the period. Arkadios Wealth Advisors boosted its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 19.7% during the first quarter. Arkadios Wealth Advisors now owns 22,236 shares of the company’s stock worth $1,123,000 after buying an additional 3,665 shares during the period. NBT Bank N A NY grew its holdings in iShares 0-5 Year Investment Grade Corporate Bond ETF by 2,145.1% in the 1st quarter. NBT Bank N A NY now owns 1,145 shares of the company’s stock worth $58,000 after buying an additional 1,094 shares in the last quarter. Finally, Turn8 Private Wealth Inc. increased its position in iShares 0-5 Year Investment Grade Corporate Bond ETF by 28.1% in the 1st quarter. Turn8 Private Wealth Inc. now owns 60,142 shares of the company’s stock valued at $3,037,000 after acquiring an additional 13,188 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.