iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Hits New 52-Week High Following Dividend Announcement

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) hit a new 52-week high on Tuesday after the company announced a dividend. The stock traded as high as $49.51 and last traded at $49.51, with a volume of 556 shares changing hands. The stock had previously closed at $48.00.

The newly announced dividend which will be paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.1772 per share. 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 is Tuesday, September 1st.

iShares Core 1-5 Year USD Bond ETF Stock Up 0.1%

The business’s 50 day moving average is $48.04 and its two-hundred day moving average is $48.29. The firm has a market capitalization of $5.10 billion, a P/E ratio of 10.99 and a beta of 0.11.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in ISTB. Acorns Advisers LLC lifted its stake in iShares Core 1-5 Year USD Bond ETF by 5.1% during the fourth quarter. Acorns Advisers LLC now owns 11,554,781 shares of the company’s stock valued at $563,296,000 after buying an additional 562,194 shares in the last quarter. State of Wisconsin Investment Board grew its stake in iShares Core 1-5 Year USD Bond ETF by 1.4% in the fourth quarter. State of Wisconsin Investment Board now owns 5,312,625 shares of the company’s stock valued at $258,990,000 after purchasing an additional 71,400 shares in the last quarter. Raymond James Financial Inc. lifted its stake in iShares Core 1-5 Year USD Bond ETF by 5.2% in the fourth quarter. Raymond James Financial Inc. now owns 2,223,386 shares of the company’s stock valued at $108,390,000 after acquiring an additional 110,022 shares during the last quarter. SHP Wealth Management acquired a new stake in shares of iShares Core 1-5 Year USD Bond ETF in the 4th quarter valued at $70,668,000. Finally, Spinnaker Trust increased its position in iShares Core 1-5 Year USD Bond ETF by 2.9% during the fourth quarter. Spinnaker Trust now owns 1,384,279 shares of the company’s stock worth $67,484,000 after buying an additional 38,402 shares during the last quarter.

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.