Comerica Bank Increases Position in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB)

Comerica Bank grew its position in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) by 78.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,976 shares of the company’s stock after buying an additional 12,696 shares during the period. Comerica Bank’s holdings in iShares Core 1-5 Year USD Bond ETF were worth $1,384,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ISTB. Bellwether Advisors LLC lifted its holdings in iShares Core 1-5 Year USD Bond ETF by 0.8% during the 4th quarter. Bellwether Advisors LLC now owns 26,844 shares of the company’s stock worth $1,282,000 after buying an additional 209 shares in the last quarter. Betterment LLC grew its position in shares of iShares Core 1-5 Year USD Bond ETF by 1.4% in the 4th quarter. Betterment LLC now owns 39,779 shares of the company’s stock valued at $1,900,000 after buying an additional 541 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in shares of iShares Core 1-5 Year USD Bond ETF by 9.2% in the 4th quarter. Integrated Wealth Concepts LLC now owns 17,052 shares of the company’s stock valued at $815,000 after buying an additional 1,441 shares during the last quarter. OneDigital Investment Advisors LLC grew its position in iShares Core 1-5 Year USD Bond ETF by 2.3% during the 4th quarter. OneDigital Investment Advisors LLC now owns 69,275 shares of the company’s stock worth $3,309,000 after purchasing an additional 1,582 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its position in iShares Core 1-5 Year USD Bond ETF by 35.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 11,463 shares of the company’s stock worth $547,000 after purchasing an additional 2,974 shares during the last quarter.

iShares Core 1-5 Year USD Bond ETF Stock Performance

ISTB stock opened at $48.18 on Monday. iShares Core 1-5 Year USD Bond ETF has a one year low of $47.04 and a one year high of $48.75. The company has a fifty day moving average of $48.21 and a 200-day moving average of $48.01. The stock has a market capitalization of $4.50 billion, a PE ratio of 10.99 and a beta of 0.07.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, May 6th. Shareholders of record on Thursday, May 1st were paid a dividend of $0.1638 per share. The ex-dividend date was Thursday, May 1st. This represents a $1.97 annualized dividend and a yield of 4.08%.

iShares Core 1-5 Year USD Bond ETF Company Profile

The iShares Core 1-5 Year USD Bond ETF (ISTB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a broad USD-denominated bond index with 1-5 years remaining in maturities. ISTB was launched on Oct 18, 2012 and is managed by BlackRock.