Spinnaker Trust Acquires 38,402 Shares of iShares Core 1-5 Year USD Bond ETF $ISTB

Spinnaker Trust increased its position in shares of iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) by 2.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,384,279 shares of the company’s stock after buying an additional 38,402 shares during the period. iShares Core 1-5 Year USD Bond ETF makes up 3.6% of Spinnaker Trust’s holdings, making the stock its 5th biggest holding. Spinnaker Trust’s holdings in iShares Core 1-5 Year USD Bond ETF were worth $67,484,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Essex Financial Services Inc. raised its stake in iShares Core 1-5 Year USD Bond ETF by 1.3% during the fourth quarter. Essex Financial Services Inc. now owns 21,350 shares of the company’s stock worth $1,041,000 after buying an additional 267 shares during the last quarter. Sfmg LLC raised its stake in iShares Core 1-5 Year USD Bond ETF by 8.5% during the fourth quarter. Sfmg LLC now owns 5,724 shares of the company’s stock worth $279,000 after buying an additional 447 shares during the last quarter. Koss Olinger Consulting LLC raised its stake in iShares Core 1-5 Year USD Bond ETF by 22.1% during the fourth quarter. Koss Olinger Consulting LLC now owns 568,963 shares of the company’s stock worth $27,737,000 after buying an additional 102,794 shares during the last quarter. Weaver Consulting Group raised its stake in iShares Core 1-5 Year USD Bond ETF by 94.9% during the fourth quarter. Weaver Consulting Group now owns 13,350 shares of the company’s stock worth $651,000 after buying an additional 6,500 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in iShares Core 1-5 Year USD Bond ETF by 1.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 15,720 shares of the company’s stock worth $766,000 after buying an additional 294 shares during the last quarter.

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

Shares of NASDAQ ISTB opened at $48.17 on Tuesday. iShares Core 1-5 Year USD Bond ETF has a twelve month low of $48.03 and a twelve month high of $49.05. The firm has a fifty day simple moving average of $48.35 and a 200 day simple moving average of $48.62. The company has a market capitalization of $4.72 billion, a PE ratio of 10.99 and a beta of 0.11.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, June 4th. Investors of record on Monday, June 1st will be paid a dividend of $0.172 per share. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Monday, June 1st.

iShares Core 1-5 Year USD Bond ETF 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.