iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Stock Price Cross Below 50 Day Moving Average – Here’s What Happened

Shares of iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $47.41 and traded as low as $47.33. iShares Core 1-5 Year USD Bond ETF shares last traded at $47.36, with a volume of 347,529 shares trading hands.

iShares Core 1-5 Year USD Bond ETF Stock Down 0.2%

The stock has a 50 day moving average price of $47.39 and a 200 day moving average price of $48.10. The stock has a market capitalization of $5.33 billion, a price-to-earnings ratio of 10.99 and a beta of 0.12.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were issued a $0.1777 dividend. This is a boost from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.1742. The ex-dividend date was Monday, November 2nd. This represents a $2.13 dividend on an annualized basis and a yield of 4.5%.

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

Several hedge funds have recently added to or reduced their stakes in the business. Private Advisor Group LLC bought a new stake in shares of iShares Core 1-5 Year USD Bond ETF in the third quarter worth $1,353,000. OneAscent Financial Services LLC increased its holdings in iShares Core 1-5 Year USD Bond ETF by 43.2% in the third quarter. OneAscent Financial Services LLC now owns 14,263 shares of the company’s stock valued at $674,000 after purchasing an additional 4,302 shares during the period. Composition Wealth LLC bought a new position in iShares Core 1-5 Year USD Bond ETF during the 3rd quarter worth $816,000. TD Capital Management LLC bought a new position in iShares Core 1-5 Year USD Bond ETF during the 3rd quarter worth $1,567,000. Finally, Global Retirement Partners LLC raised its position in iShares Core 1-5 Year USD Bond ETF by 2.8% during the 3rd quarter. Global Retirement Partners LLC now owns 12,959 shares of the company’s stock worth $612,000 after purchasing an additional 347 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.