Farmers & Merchants Investments Inc. Acquires 36,406 Shares of iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD)

Farmers & Merchants Investments Inc. boosted its holdings in iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,049,110 shares of the company’s stock after purchasing an additional 36,406 shares during the period. iShares 0-5 Year Investment Grade Corporate Bond ETF comprises about 1.6% of Farmers & Merchants Investments Inc.’s portfolio, making the stock its 12th largest holding. Farmers & Merchants Investments Inc. owned 2.39% of iShares 0-5 Year Investment Grade Corporate Bond ETF worth $52,183,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 203.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 139,749 shares of the company’s stock worth $7,048,000 after buying an additional 93,666 shares during the last quarter. Arkadios Wealth Advisors boosted 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 during the last quarter. Greenup Street Wealth Management LLC grew its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 10.0% in the third quarter. Greenup Street Wealth Management LLC now owns 334,335 shares of the company’s stock valued at $16,861,000 after purchasing an additional 30,379 shares in the last quarter. BNP Paribas Financial Markets grew its stake in 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, Janney Montgomery Scott LLC increased its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 106.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 16,722 shares of the company’s stock worth $832,000 after purchasing an additional 8,609 shares during the last quarter.

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

NASDAQ SLQD opened at $49.84 on Friday. iShares 0-5 Year Investment Grade Corporate Bond ETF has a 12 month low of $48.70 and a 12 month high of $50.46. The stock has a 50 day moving average of $49.82 and a 200-day moving average of $49.94.

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

The company also recently declared a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were paid a $0.164 dividend. The ex-dividend date was Monday, February 3rd.

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.