iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Reaches New 1-Year Low – What’s Next?

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTBGet Free Report)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $46.96 and last traded at $46.96, with a volume of 1138 shares changing hands. The stock had previously closed at $48.07.

iShares Core 1-5 Year USD Bond ETF Price Performance

The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 10.99 and a beta of 0.11. The firm has a fifty day moving average of $48.32 and a 200 day moving average of $48.59.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were issued a $0.172 dividend. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, June 1st.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. PFG Advisors acquired a new position in iShares Core 1-5 Year USD Bond ETF during the fourth quarter worth approximately $819,000. Cahaba Wealth Management Inc. raised its stake in shares of iShares Core 1-5 Year USD Bond ETF by 6.7% during the 4th quarter. Cahaba Wealth Management Inc. now owns 1,064,566 shares of the company’s stock worth $51,898,000 after buying an additional 66,931 shares in the last quarter. Bartlett & CO. Wealth Management LLC raised its stake in shares of iShares Core 1-5 Year USD Bond ETF by 31.9% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 556,170 shares of the company’s stock worth $27,113,000 after buying an additional 134,574 shares in the last quarter. Apella Capital LLC raised its stake in shares of iShares Core 1-5 Year USD Bond ETF by 15.1% during the 4th quarter. Apella Capital LLC now owns 814,422 shares of the company’s stock worth $39,703,000 after buying an additional 106,752 shares in the last quarter. Finally, Chatterton & Associates Inc. acquired a new stake in shares of iShares Core 1-5 Year USD Bond ETF in the 4th quarter worth approximately $2,161,000.

iShares Core 1-5 Year USD Bond ETF Company Profile

(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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