iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sets New 1-Year Low – Here’s Why

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) hit a new 52-week low during trading on Wednesday . The company traded as low as $47.73 and last traded at $47.74, with a volume of 398995 shares changing hands. The stock had previously closed at $48.00.

iShares Core 1-5 Year USD Bond ETF Stock Down 0.5%

The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 10.99 and a beta of 0.11. The business’s 50-day moving average is $48.05 and its two-hundred day moving average is $48.30.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, September 4th. Investors of record on Tuesday, September 1st will be issued a $0.1772 dividend. This is a boost from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.17. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Tuesday, September 1st.

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

A number of institutional investors have recently added to or reduced their stakes in ISTB. Turtle Creek Wealth Advisors LLC acquired a new position in iShares Core 1-5 Year USD Bond ETF during the first quarter worth $44,000. Rossby Financial LCC increased its stake in shares of 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 worth $48,000 after acquiring an additional 290 shares during the last quarter. Strive Financial Group LLC acquired a new stake in shares of iShares Core 1-5 Year USD Bond ETF in the 4th quarter worth $68,000. Banque Transatlantique SA raised its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 47.4% during the 4th quarter. Banque Transatlantique SA now owns 2,126 shares of the company’s stock worth $104,000 after acquiring an additional 684 shares during the period. Finally, Burkett Financial Services LLC raised its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 166.0% during the 2nd quarter. Burkett Financial Services LLC now owns 2,399 shares of the company’s stock worth $116,000 after acquiring an additional 1,497 shares during the period.

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.