Core Insights - Waterloo Capital has reduced its holdings in the iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) by selling 119,651 shares, now holding 221,451 shares valued at $11.26 million, which represents 0.84% of its reportable U.S. equity AUM [1][2][3] Group 1: Transaction Details - The sale of SLQD shares was reported in a 13F filing for Q3 2025, amounting to an estimated $6.05 million transaction [1][2] - Following the transaction, SLQD shares were priced at $50.64, underperforming the S&P 500 by 12.08 percentage points over the last year [3][4] Group 2: Fund Performance and Characteristics - SLQD has a dividend yield of 4.08% and a 1-year total return of 5.77% [4] - The ETF provides targeted exposure to short-term, investment-grade U.S. corporate bonds, balancing yield and credit quality, making it suitable for conservative investors seeking stability and income [5][9] Group 3: Institutional Trading Behavior - The reduction in SLQD holdings by Waterloo Capital, approximately 35%, appears to be routine portfolio rebalancing rather than a loss of confidence in the ETF [6][7] - Institutional investors frequently adjust their holdings for reasons such as client redemptions and maintaining target allocations, indicating normal trading activity [7][8]
Waterloo Capital Trims Bond ETF Stake
The Motley Fool·2025-12-05 14:33