iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Reaches New 52-Week Low – Here’s What Happened

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB – Get Free Report) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $47.73 and last traded at $47.74, with a volume of 398995 shares changing hands. The stock had previously closed at $48.00.

iShares Core 1-5 Year USD Bond ETF Price Performance

The stock has a 50-day moving average price of $48.03 and a two-hundred day moving average price of $48.28. The stock has a market cap of $5.11 billion, a PE ratio of 10.99 and a beta of 0.11.

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iShares Core 1-5 Year USD Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.1772 per share. The ex-dividend date is Tuesday, September 1st. This represents a c) annualized dividend and a yield of 4.4%. This is a boost from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.17.

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

A number of large investors have recently added to or reduced their stakes in ISTB. Turtle Creek Wealth Advisors LLC bought 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 grew its holdings 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 valued at $48,000 after purchasing an additional 290 shares in the last quarter. Strive Financial Group LLC bought a new stake in iShares Core 1-5 Year USD Bond ETF in the fourth quarter worth $68,000. Banque Transatlantique SA increased its position 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 worth $104,000 after purchasing an additional 684 shares during the last quarter. Finally, Burkett Financial Services LLC raised its stake in iShares Core 1-5 Year USD Bond ETF by 166.0% during 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 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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