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

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTBGet Free Report)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $49.51 and last traded at $49.51, with a volume of 556 shares. The stock had previously closed at $48.00.

iShares Core 1-5 Year USD Bond ETF Stock Performance

The stock has a market cap of $5.29 billion, a PE ratio of 10.99 and a beta of 0.11. The stock has a fifty day simple moving average of $48.06 and a two-hundred day simple moving average of $48.31.

iShares Core 1-5 Year USD Bond ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were given a dividend of $0.1743 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, August 3rd.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of iShares Core 1-5 Year USD Bond ETF during the first quarter valued at about $44,000. Rossby Financial LCC lifted its stake in shares of iShares Core 1-5 Year USD Bond ETF by 41.7% in the fourth quarter. Rossby Financial LCC now owns 986 shares of the company’s stock worth $48,000 after acquiring an additional 290 shares in the last quarter. Strive Financial Group LLC purchased a new position in iShares Core 1-5 Year USD Bond ETF in the fourth quarter valued at about $68,000. Banque Transatlantique SA boosted its holdings in iShares Core 1-5 Year USD Bond ETF by 47.4% in the fourth quarter. Banque Transatlantique SA now owns 2,126 shares of the company’s stock valued at $104,000 after purchasing an additional 684 shares during the last quarter. Finally, Burkett Financial Services LLC boosted its holdings in iShares Core 1-5 Year USD Bond ETF by 166.0% in the second quarter. Burkett Financial Services LLC now owns 2,399 shares of the company’s stock valued at $116,000 after purchasing an additional 1,497 shares during 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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