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

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) shares saw unusually-strong trading volume on Thursday . Approximately 906,907 shares traded hands during mid-day trading, an increase of 293% from the previous session’s volume of 230,696 shares.The stock last traded at $49.82 and had previously closed at $49.82.

iShares 0-5 Year Investment Grade Corporate Bond ETF Stock Down 0.1 %

The business has a 50 day simple moving average of $50.12 and a 200-day simple moving average of $49.67.

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

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were paid a $0.1595 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 3.85%. This is a boost from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date was Friday, November 1st.

Institutional Trading of iShares 0-5 Year Investment Grade Corporate Bond ETF

Institutional investors have recently modified their holdings of the company. Atlas Capital Advisors LLC bought a new stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF in the second quarter valued at about $57,000. LRI Investments LLC bought a new stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF in the first quarter valued at about $96,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF in the second quarter valued at about $124,000. BNP Paribas Financial Markets lifted its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 58.7% in the third quarter. BNP Paribas Financial Markets now owns 2,721 shares of the company’s stock valued at $137,000 after purchasing an additional 1,006 shares in the last quarter. Finally, Arkadios Wealth Advisors bought a new stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF in the second quarter valued at about $512,000.

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.