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

iShares Aaa – A Rated Corporate Bond ETF (NYSEARCA:QLTA) shares saw strong trading volume on Wednesday . 375,022 shares were traded during mid-day trading, an increase of 47% from the previous session’s volume of 254,852 shares.The stock last traded at $47.69 and had previously closed at $47.71.

iShares Aaa – A Rated Corporate Bond ETF Stock Performance

The business’s 50 day simple moving average is $46.89 and its 200 day simple moving average is $47.79.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Stifel Financial Corp raised its holdings in iShares Aaa – A Rated Corporate Bond ETF by 21.4% in the third quarter. Stifel Financial Corp now owns 21,985 shares of the company’s stock worth $1,080,000 after purchasing an additional 3,878 shares during the period. JPMorgan Chase & Co. increased its position in iShares Aaa – A Rated Corporate Bond ETF by 95.6% during the third quarter. JPMorgan Chase & Co. now owns 217,798 shares of the company’s stock worth $10,705,000 after buying an additional 106,456 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in shares of iShares Aaa – A Rated Corporate Bond ETF by 8.9% in the third quarter. Integrated Wealth Concepts LLC now owns 122,929 shares of the company’s stock valued at $6,042,000 after purchasing an additional 10,036 shares during the period. HighTower Advisors LLC boosted its holdings in shares of iShares Aaa – A Rated Corporate Bond ETF by 9.2% during the third quarter. HighTower Advisors LLC now owns 711,682 shares of the company’s stock worth $34,974,000 after acquiring an additional 59,955 shares during the period. Finally, Invst LLC bought a new position in iShares Aaa – A Rated Corporate Bond ETF during the 3rd quarter worth $859,000.

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.