iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sees Unusually-High Trading Volume – Here’s Why

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) shares saw strong trading volume on Wednesday . 911,738 shares changed hands during mid-day trading, an increase of 83% from the previous session’s volume of 499,522 shares.The stock last traded at $48.11 and had previously closed at $48.17.

iShares Core 1-5 Year USD Bond ETF Stock Performance

The company has a 50 day moving average of $48.35 and a 200 day moving average of $48.62. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 10.99 and a beta of 0.11.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, June 4th. Investors of record on Monday, June 1st will be paid a $0.172 dividend. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Monday, June 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 the stock. NewEdge Advisors LLC lifted its position in iShares Core 1-5 Year USD Bond ETF by 45.1% during the first quarter. NewEdge Advisors LLC now owns 65,868 shares of the company’s stock worth $3,192,000 after buying an additional 20,485 shares in the last quarter. Financial Solutions Advisory Group Inc. purchased a new position in iShares Core 1-5 Year USD Bond ETF during the first quarter worth approximately $57,365,000. TrueWealth Financial Partners purchased a new position in iShares Core 1-5 Year USD Bond ETF during the first quarter worth approximately $316,000. Rockbridge Investment Management LCC lifted its position in iShares Core 1-5 Year USD Bond ETF by 0.9% during the first quarter. Rockbridge Investment Management LCC now owns 35,375 shares of the company’s stock worth $1,714,000 after buying an additional 304 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in iShares Core 1-5 Year USD Bond ETF by 1.7% during the first quarter. Cetera Investment Advisers now owns 181,760 shares of the company’s stock worth $8,808,000 after buying an additional 3,112 shares in 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.