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

Shares of iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $48.06 and last traded at $48.08, with a volume of 23693 shares changing hands. The stock had previously closed at $48.13.

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

The stock has a market capitalization of $4.71 billion, a P/E ratio of 10.99 and a beta of 0.11. The company has a 50 day moving average of $48.42 and a 200-day moving average of $48.66.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were given a $0.1722 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Friday, May 1st.

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

A number of institutional investors have recently modified their holdings of ISTB. Concurrent Investment Advisors LLC boosted its stake in iShares Core 1-5 Year USD Bond ETF by 4.8% in the fourth quarter. Concurrent Investment Advisors LLC now owns 4,530 shares of the company’s stock valued at $221,000 after acquiring an additional 206 shares during the period. Evensky & Katz LLC raised its position in shares of iShares Core 1-5 Year USD Bond ETF by 1.6% during the 4th quarter. Evensky & Katz LLC now owns 13,241 shares of the company’s stock worth $646,000 after purchasing an additional 208 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of iShares Core 1-5 Year USD Bond ETF by 1.4% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 15,426 shares of the company’s stock worth $753,000 after purchasing an additional 208 shares during the period. Spire Wealth Management lifted its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 37.5% in the 4th quarter. Spire Wealth Management now owns 800 shares of the company’s stock worth $39,000 after purchasing an additional 218 shares during the last quarter. Finally, Bfsg LLC boosted its position in iShares Core 1-5 Year USD Bond ETF by 7.4% during the 3rd quarter. Bfsg LLC now owns 3,196 shares of the company’s stock valued at $156,000 after purchasing an additional 219 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.