iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sets New 12-Month Low – Should You Sell?

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTBGet Free Report)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as $48.03 and last traded at $48.04, with a volume of 163581 shares traded. The stock had previously closed at $48.17.

iShares Core 1-5 Year USD Bond ETF Trading Down 0.3%

The stock has a market cap of $4.71 billion, a PE ratio of 10.99 and a beta of 0.11. The business has a 50-day moving average price of $48.34 and a 200-day moving average price of $48.61.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were given a dividend of $0.172 per share. The ex-dividend date was Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Spire Wealth Management lifted its position in shares of iShares Core 1-5 Year USD Bond ETF by 37.5% during the 4th quarter. Spire Wealth Management now owns 800 shares of the company’s stock valued at $39,000 after buying an additional 218 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in shares of iShares Core 1-5 Year USD Bond ETF during the 1st quarter valued at approximately $44,000. Rossby Financial LCC lifted its position in shares of iShares Core 1-5 Year USD Bond ETF by 41.7% during the 4th quarter. Rossby Financial LCC now owns 986 shares of the company’s stock valued at $48,000 after buying an additional 290 shares in the last quarter. Strive Financial Group LLC purchased a new position in shares of iShares Core 1-5 Year USD Bond ETF during the 4th quarter valued at approximately $68,000. Finally, Rothschild Investment LLC lifted its holdings in iShares Core 1-5 Year USD Bond ETF by 41.8% in the 3rd quarter. Rothschild Investment LLC now owns 1,695 shares of the company’s stock valued at $83,000 after purchasing an additional 500 shares in the last quarter.

About iShares Core 1-5 Year USD Bond ETF

(Get Free Report)

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.

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