iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sets New 52-Week Low – What’s Next?

Shares of iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) reached a new 52-week low on Tuesday . The company traded as low as $47.95 and last traded at $47.96, with a volume of 379640 shares. The stock had previously closed at $48.03.

iShares Core 1-5 Year USD Bond ETF Trading Down 0.1%

The business has a 50 day moving average of $48.18 and a two-hundred day moving average of $48.49. The firm has a market cap of $5.05 billion, a P/E ratio of 10.99 and a beta of 0.11.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The business also recently disclosed 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 was Wednesday, July 1st.

Hedge Funds Weigh In On iShares Core 1-5 Year USD Bond ETF

Several large investors have recently modified their holdings of the stock. Spire Wealth Management lifted its stake in shares of 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 worth $39,000 after buying an additional 218 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in iShares Core 1-5 Year USD Bond ETF in the 1st quarter valued at about $44,000. Rossby Financial LCC raised its holdings in iShares Core 1-5 Year USD Bond ETF by 41.7% in the 4th quarter. Rossby Financial LCC now owns 986 shares of the company’s stock valued at $48,000 after acquiring an additional 290 shares during the period. Strive Financial Group LLC bought a new position in iShares Core 1-5 Year USD Bond ETF in the 4th quarter valued at about $68,000. Finally, Dagco Inc. bought a new position in iShares Core 1-5 Year USD Bond ETF in the 4th quarter valued at about $97,000.

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.