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

Shares of iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) saw an uptick in trading volume on Monday . 318,760 shares traded hands during trading, an increase of 97% from the previous session’s volume of 161,605 shares.The stock last traded at $49.75 and had previously closed at $49.73.

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

The stock has a fifty day simple moving average of $49.84 and a 200-day simple moving average of $49.86.

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

The company also recently disclosed a dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a dividend of $0.1654 per share. This is a boost from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous dividend of $0.16. The ex-dividend date of this dividend was Wednesday, December 18th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new stake in iShares 0-5 Year Investment Grade Corporate Bond ETF during the 2nd quarter valued at $124,000. BNP Paribas Financial Markets grew its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 58.7% during the third 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 last quarter. Arkadios Wealth Advisors increased its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 22.5% in the third quarter. Arkadios Wealth Advisors now owns 12,738 shares of the company’s stock valued at $642,000 after buying an additional 2,337 shares in the last quarter. Waterloo Capital L.P. raised its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 340.9% in the second quarter. Waterloo Capital L.P. now owns 91,738 shares of the company’s stock valued at $4,518,000 after buying an additional 70,931 shares during the last quarter. Finally, Rosenberg Matthew Hamilton lifted its position in iShares 0-5 Year Investment Grade Corporate Bond ETF by 16.5% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 107,720 shares of the company’s stock worth $5,432,000 after buying an additional 15,238 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.