iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Sees Unusually-High Trading Volume – Here’s Why

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) shares saw unusually-strong trading volume on Monday . Approximately 318,760 shares changed hands during mid-day 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 Price Performance

The stock has a 50 day moving average of $49.83 and a two-hundred day moving average of $49.87.

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

The company also recently announced a dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a $0.1654 dividend. This is an increase 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 Trading of iShares 0-5 Year Investment Grade Corporate Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of SLQD. Ashton Thomas Private Wealth LLC acquired a new stake in iShares 0-5 Year Investment Grade Corporate Bond ETF during the 2nd quarter worth about $124,000. BNP Paribas Financial Markets lifted its position 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 worth $137,000 after purchasing an additional 1,006 shares in the last quarter. Arkadios Wealth Advisors grew its position in iShares 0-5 Year Investment Grade Corporate Bond ETF by 22.5% during the third quarter. Arkadios Wealth Advisors now owns 12,738 shares of the company’s stock valued at $642,000 after purchasing an additional 2,337 shares in the last quarter. Waterloo Capital L.P. increased its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 340.9% in the 2nd 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 period. Finally, Rosenberg Matthew Hamilton lifted its position in iShares 0-5 Year Investment Grade Corporate Bond ETF by 16.5% in 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.