iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Hits New 12-Month High – Here’s What Happened

Shares of iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $48.99 and last traded at $48.9750, with a volume of 162999 shares. The stock had previously closed at $48.92.

iShares Core 1-5 Year USD Bond ETF Stock Down 0.0%

The firm has a 50 day moving average of $48.80 and a 200 day moving average of $48.80. The firm has a market cap of $4.78 billion, a PE ratio of 10.99 and a beta of 0.11.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a dividend of $0.1724 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. This is a boost from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.17.

Institutional Investors Weigh In On iShares Core 1-5 Year USD Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ISTB. Concurrent Investment Advisors LLC boosted its position in iShares Core 1-5 Year USD Bond ETF by 4.8% during the fourth quarter. Concurrent Investment Advisors LLC now owns 4,530 shares of the company’s stock worth $221,000 after purchasing an additional 206 shares during the period. Evensky & Katz LLC lifted its stake in shares of iShares Core 1-5 Year USD Bond ETF by 1.6% during the 4th quarter. Evensky & Katz LLC now owns 13,241 shares of the company’s stock valued at $646,000 after buying an additional 208 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of iShares Core 1-5 Year USD Bond ETF by 1.4% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 15,426 shares of the company’s stock valued at $753,000 after buying an additional 208 shares in the last quarter. Spire Wealth Management boosted its holdings in iShares Core 1-5 Year USD Bond ETF by 37.5% in the 4th quarter. Spire Wealth Management now owns 800 shares of the company’s stock worth $39,000 after buying an additional 218 shares during the period. Finally, Bfsg LLC grew its stake in iShares Core 1-5 Year USD Bond ETF by 7.4% in the 3rd quarter. Bfsg LLC now owns 3,196 shares of the company’s stock valued at $156,000 after buying an additional 219 shares in the last quarter.

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.