Sterling Investment Advisors LLC ADV acquired a new position in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB – Free Report) in the third quarter, Holdings Channel reports. The fund acquired 151,151 shares of the company’s stock, valued at approximately $7,142,000. iShares Core 1-5 Year USD Bond ETF accounts for approximately 3.1% of Sterling Investment Advisors LLC ADV’s holdings, making the stock its 12th biggest holding.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Latitude Advisors LLC bought a new position in shares of iShares Core 1-5 Year USD Bond ETF in the third quarter valued at approximately $34,000. Turtle Creek Wealth Advisors LLC bought a new stake in iShares Core 1-5 Year USD Bond ETF during the first quarter worth $44,000. IFP Advisors Inc lifted its holdings in iShares Core 1-5 Year USD Bond ETF by 154.2% during the second quarter. IFP Advisors Inc now owns 1,253 shares of the company’s stock worth $60,000 after acquiring an additional 760 shares during the period. Valley National Advisers Inc. bought a new stake in iShares Core 1-5 Year USD Bond ETF during the third quarter worth $75,000. Finally, Burkett Financial Services LLC boosted its position 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 worth $116,000 after purchasing an additional 1,497 shares during the last quarter.
iShares Core 1-5 Year USD Bond ETF Stock Performance
ISTB stock opened at $47.44 on Thursday. The stock has a market cap of $5.34 billion, a P/E ratio of 10.99 and a beta of 0.11. The stock’s fifty day simple moving average is $47.52 and its two-hundred day simple moving average is $48.17. iShares Core 1-5 Year USD Bond ETF has a 1-year low of $47.01 and a 1-year high of $49.05.
iShares Core 1-5 Year USD Bond ETF Increases Dividend
The firm also recently announced a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were paid a dividend of $0.1772 per share. This represents a $2.13 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Tuesday, September 1st. This is a positive change from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.1743.
About iShares Core 1-5 Year USD Bond ETF
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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