iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Hits New 52-Week Low – Here’s What Happened

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) hit a new 52-week low during trading on Wednesday . The stock traded as low as $48.02 and last traded at $48.02, with a volume of 73269 shares traded. The stock had previously closed at $48.06.

iShares Core 1-5 Year USD Bond ETF Stock Performance

The stock’s fifty day moving average price is $48.22 and its 200-day moving average price is $48.51. The firm has a market cap of $5.03 billion, a PE ratio of 10.99 and a beta of 0.11.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were issued a $0.1713 dividend. The ex-dividend date of this dividend was Wednesday, July 1st.

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

Several institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. raised its holdings in iShares Core 1-5 Year USD Bond ETF by 100.9% during the first quarter. Goldman Sachs Group Inc. now owns 165,118 shares of the company’s stock worth $7,983,000 after purchasing an additional 82,911 shares during the last quarter. Jane Street Group LLC acquired a new stake in iShares Core 1-5 Year USD Bond ETF in the first quarter valued at $1,681,000. NewEdge Advisors LLC increased its position in shares of iShares Core 1-5 Year USD Bond ETF by 13.4% in the second quarter. NewEdge Advisors LLC now owns 57,776 shares of the company’s stock valued at $2,811,000 after buying an additional 6,809 shares in the last quarter. Betterment LLC increased its position in shares of iShares Core 1-5 Year USD Bond ETF by 6.8% in the second quarter. Betterment LLC now owns 39,922 shares of the company’s stock valued at $1,942,000 after buying an additional 2,550 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of iShares Core 1-5 Year USD Bond ETF by 60.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 513,291 shares of the company’s stock worth $24,979,000 after buying an additional 192,418 shares during 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.