iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Reaches New 1-Year Low – What’s Next?

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) reached a new 52-week low on Thursday . The stock traded as low as $46.96 and last traded at $46.96, with a volume of 1138 shares traded. The stock had previously closed at $48.07.

iShares Core 1-5 Year USD Bond ETF Stock Performance

The firm has a fifty day simple moving average of $48.32 and a 200 day simple moving average of $48.59. The company has a market cap of $4.71 billion, a PE ratio of 10.99 and a beta of 0.11.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were given a $0.172 dividend. This represents a c) annualized dividend 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

Institutional investors have recently added to or reduced their stakes in the business. PFG Advisors purchased a new stake in shares of iShares Core 1-5 Year USD Bond ETF in the fourth quarter worth about $819,000. Cahaba Wealth Management Inc. boosted its holdings in iShares Core 1-5 Year USD Bond ETF by 6.7% in the 4th quarter. Cahaba Wealth Management Inc. now owns 1,064,566 shares of the company’s stock worth $51,898,000 after acquiring an additional 66,931 shares during the period. Bartlett & CO. Wealth Management LLC grew its position in iShares Core 1-5 Year USD Bond ETF by 31.9% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 556,170 shares of the company’s stock valued at $27,113,000 after acquiring an additional 134,574 shares in the last quarter. Apella Capital LLC raised its stake in shares of iShares Core 1-5 Year USD Bond ETF by 15.1% during the fourth quarter. Apella Capital LLC now owns 814,422 shares of the company’s stock valued at $39,703,000 after purchasing an additional 106,752 shares during the period. Finally, Chatterton & Associates Inc. purchased a new position in shares of iShares Core 1-5 Year USD Bond ETF in the fourth quarter valued at $2,161,000.

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.