iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Sees Unusually-High Trading Volume – Time to Buy?

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) saw strong trading volume on Friday . 599,869 shares traded hands during trading, an increase of 154% from the previous session’s volume of 236,017 shares.The stock last traded at $50.15 and had previously closed at $50.16.

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

The stock’s 50 day moving average price is $50.18 and its two-hundred day moving average price is $50.39.

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

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Creative Financial Designs Inc. ADV boosted its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 5.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 488,532 shares of the company’s stock worth $24,769,000 after acquiring an additional 24,974 shares in the last quarter. Turn8 Private Wealth Inc. boosted its position in iShares 0-5 Year Investment Grade Corporate Bond ETF by 28.1% during the first quarter. Turn8 Private Wealth Inc. now owns 60,142 shares of the company’s stock worth $3,037,000 after purchasing an additional 13,188 shares in the last quarter. Colonial Trust Advisors grew its holdings in iShares 0-5 Year Investment Grade Corporate Bond ETF by 2.3% in the fourth quarter. Colonial Trust Advisors now owns 292,855 shares of the company’s stock valued at $14,848,000 after purchasing an additional 6,690 shares during the last quarter. Colonial Trust Co SC grew its holdings in iShares 0-5 Year Investment Grade Corporate Bond ETF by 2.4% in the fourth quarter. Colonial Trust Co SC now owns 179,355 shares of the company’s stock valued at $9,093,000 after purchasing an additional 4,183 shares during the last quarter. Finally, Argent Advisors Inc. increased its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 9.8% in the fourth quarter. Argent Advisors Inc. now owns 41,992 shares of the company’s stock valued at $2,129,000 after buying an additional 3,741 shares in the last quarter.

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.