iShares Aaa – A Rated Corporate Bond ETF (NYSEARCA:QLTA) Sees Strong Trading Volume – Here’s Why

iShares Aaa – A Rated Corporate Bond ETF (NYSEARCA:QLTA) saw unusually-high trading volume on Wednesday . Approximately 104,408 shares were traded during trading, a decline of 41% from the previous session’s volume of 176,736 shares.The stock last traded at $47.92 and had previously closed at $47.79.

iShares Aaa – A Rated Corporate Bond ETF Stock Performance

The business’s 50 day simple moving average is $48.66 and its two-hundred day simple moving average is $47.65.

Institutional Investors Weigh In On iShares Aaa – A Rated Corporate Bond ETF

A number of hedge funds have recently added to or reduced their stakes in QLTA. Commonwealth Equity Services LLC raised its stake in iShares Aaa – A Rated Corporate Bond ETF by 65.4% during the 1st quarter. Commonwealth Equity Services LLC now owns 47,150 shares of the company’s stock valued at $2,239,000 after buying an additional 18,648 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of iShares Aaa – A Rated Corporate Bond ETF by 25.7% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 7,945 shares of the company’s stock worth $377,000 after purchasing an additional 1,623 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in shares of iShares Aaa – A Rated Corporate Bond ETF by 3.2% in the 1st quarter. Avantax Advisory Services Inc. now owns 21,214 shares of the company’s stock worth $1,007,000 after purchasing an additional 659 shares in the last quarter. ESL Trust Services LLC increased its stake in shares of iShares Aaa – A Rated Corporate Bond ETF by 43.8% in the 1st quarter. ESL Trust Services LLC now owns 37,439 shares of the company’s stock worth $1,778,000 after purchasing an additional 11,405 shares in the last quarter. Finally, CreativeOne Wealth LLC increased its stake in shares of iShares Aaa – A Rated Corporate Bond ETF by 89.2% in the 1st quarter. CreativeOne Wealth LLC now owns 34,722 shares of the company’s stock worth $1,649,000 after purchasing an additional 16,368 shares in the last quarter.

About iShares Aaa – A Rated Corporate Bond ETF

The iShares Aaa – A Rated Corporate Bond ETF (QLTA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of dollar-denominated fixed-rate corporate bonds rated AAA-A issued by US and non-US corporations with maturities of at least one year.