iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sets New 12-Month Low – Should You Sell?

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $48.03 and last traded at $48.04, with a volume of 163581 shares. The stock had previously closed at $48.17.

iShares Core 1-5 Year USD Bond ETF Stock Performance

The business has a 50-day moving average of $48.34 and a 200-day moving average of $48.61. The stock has a market capitalization of $4.71 billion, a price-to-earnings ratio of 10.99 and a beta of 0.11.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were given a dividend of $0.172 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, June 1st.

Institutional Trading of iShares Core 1-5 Year USD Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Concurrent Investment Advisors LLC grew its stake in iShares Core 1-5 Year USD Bond ETF by 4.8% during the 4th quarter. Concurrent Investment Advisors LLC now owns 4,530 shares of the company’s stock valued at $221,000 after purchasing an additional 206 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in 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 purchasing an additional 208 shares in the last quarter. Evensky & Katz LLC grew its stake in 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 purchasing an additional 208 shares in the last quarter. Spire Wealth Management grew its stake in iShares Core 1-5 Year USD Bond ETF by 37.5% during the 4th quarter. Spire Wealth Management now owns 800 shares of the company’s stock valued at $39,000 after purchasing an additional 218 shares in the last quarter. Finally, Centaurus Financial Inc. grew its stake in iShares Core 1-5 Year USD Bond ETF by 7.6% during the 3rd quarter. Centaurus Financial Inc. now owns 3,759 shares of the company’s stock valued at $184,000 after purchasing an additional 265 shares in the last quarter.

About iShares Core 1-5 Year USD Bond ETF

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.