Cahaba Wealth Management Inc. Boosts Stake in iShares Core 1-5 Year USD Bond ETF $ISTB

Cahaba Wealth Management Inc. boosted its position in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) by 6.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 1,128,804 shares of the company’s stock after purchasing an additional 64,238 shares during the period. iShares Core 1-5 Year USD Bond ETF comprises about 3.7% of Cahaba Wealth Management Inc.’s portfolio, making the stock its 7th biggest holding. Cahaba Wealth Management Inc.’s holdings in iShares Core 1-5 Year USD Bond ETF were worth $54,702,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Goldman Sachs Group Inc. increased its position in iShares Core 1-5 Year USD Bond ETF by 100.9% in the first quarter. Goldman Sachs Group Inc. now owns 165,118 shares of the company’s stock worth $7,983,000 after buying an additional 82,911 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of iShares Core 1-5 Year USD Bond ETF in the first quarter valued at $1,681,000. NewEdge Advisors LLC lifted its position in shares of iShares Core 1-5 Year USD Bond ETF by 13.4% during the 2nd quarter. NewEdge Advisors LLC now owns 57,776 shares of the company’s stock valued at $2,811,000 after buying an additional 6,809 shares during the last quarter. Betterment LLC lifted its position in shares of iShares Core 1-5 Year USD Bond ETF by 6.8% during the 2nd quarter. Betterment LLC now owns 39,922 shares of the company’s stock valued at $1,942,000 after buying an additional 2,550 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of iShares Core 1-5 Year USD Bond ETF by 60.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 513,291 shares of the company’s stock valued at $24,979,000 after buying an additional 192,418 shares during the last quarter.

iShares Core 1-5 Year USD Bond ETF Stock Performance

ISTB stock opened at $48.02 on Thursday. The stock has a fifty day moving average of $48.21 and a 200-day moving average of $48.50. iShares Core 1-5 Year USD Bond ETF has a fifty-two week low of $47.98 and a fifty-two week high of $49.05. The company has a market capitalization of $5.04 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 firm also recently disclosed a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were issued a dividend of $0.1713 per share. The ex-dividend date of this dividend was Wednesday, July 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.