iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sees Large Volume Increase – Time to Buy?

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) saw an uptick in trading volume on Thursday. Approximately 928,180 shares were traded during mid-day trading, an increase of 84% from the previous session’s volume of 505,115 shares. The stock last traded at $47.3150 and had previously closed at $47.24.

iShares Core 1-5 Year USD Bond ETF Stock Up 0.2%

The firm has a market capitalization of $5.26 billion, a PE ratio of 10.99 and a beta of 0.11. The business’s fifty day moving average price is $47.64 and its 200 day moving average price is $48.02.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were given a $0.1772 dividend. This is a boost from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.1743. The ex-dividend date was Tuesday, September 1st. This represents a $2.13 annualized dividend and a yield of 4.5%.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Shrier Wealth Management LLC lifted its position in iShares Core 1-5 Year USD Bond ETF by 1.5% in the second quarter. Shrier Wealth Management LLC now owns 18,318 shares of the company’s stock valued at $884,000 after purchasing an additional 274 shares during the period. Rockbridge Investment Management LCC boosted its holdings in iShares Core 1-5 Year USD Bond ETF by 0.9% in the 1st quarter. Rockbridge Investment Management LCC now owns 35,375 shares of the company’s stock valued at $1,714,000 after purchasing an additional 304 shares in the last quarter. Affinity Capital Advisors LLC boosted its holdings in iShares Core 1-5 Year USD Bond ETF by 7.8% in the 2nd quarter. Affinity Capital Advisors LLC now owns 4,496 shares of the company’s stock valued at $216,000 after purchasing an additional 325 shares in the last quarter. Rice Partnership LLC boosted its holdings in iShares Core 1-5 Year USD Bond ETF by 7.6% in the 1st quarter. Rice Partnership LLC now owns 5,212 shares of the company’s stock valued at $253,000 after purchasing an additional 366 shares in the last quarter. Finally, Sigma Planning Corp increased its position in iShares Core 1-5 Year USD Bond ETF by 6.3% during the 1st quarter. Sigma Planning Corp now owns 7,212 shares of the company’s stock worth $349,000 after purchasing an additional 426 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.