iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Hits New 12-Month Low – Here’s Why

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $47.73 and last traded at $47.7350, with a volume of 61976 shares trading hands. The stock had previously closed at $47.77.

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

The company has a market cap of $5.10 billion, a PE ratio of 10.99 and a beta of 0.11. The company’s 50 day moving average is $48.00 and its 200 day moving average is $48.26.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were given a dividend of $0.1772 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. This is a boost from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.17. The ex-dividend date of this dividend was Tuesday, September 1st.

Institutional Trading of iShares Core 1-5 Year USD Bond ETF

A number of large investors have recently modified their holdings of the company. Acorns Advisers LLC grew its stake in iShares Core 1-5 Year USD Bond ETF by 5.1% in the fourth quarter. Acorns Advisers LLC now owns 11,554,781 shares of the company’s stock worth $563,296,000 after purchasing an additional 562,194 shares in the last quarter. State of Wisconsin Investment Board increased its stake in shares of iShares Core 1-5 Year USD Bond ETF by 1.4% during the fourth quarter. State of Wisconsin Investment Board now owns 5,312,625 shares of the company’s stock valued at $258,990,000 after buying an additional 71,400 shares during the period. Raymond James Financial Inc. raised its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 5.2% in the fourth quarter. Raymond James Financial Inc. now owns 2,223,386 shares of the company’s stock valued at $108,390,000 after acquiring an additional 110,022 shares in the last quarter. SHP Wealth Management bought a new stake in shares of iShares Core 1-5 Year USD Bond ETF in the fourth quarter valued at about $70,668,000. Finally, Spinnaker Trust lifted its stake in iShares Core 1-5 Year USD Bond ETF by 2.9% in the fourth quarter. Spinnaker Trust now owns 1,384,279 shares of the company’s stock worth $67,484,000 after acquiring an additional 38,402 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.