iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Shares Purchased by Lakeridge Wealth Management LLC

Lakeridge Wealth Management LLC raised its stake in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) by 6.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 206,067 shares of the company’s stock after purchasing an additional 13,053 shares during the quarter. iShares Core 1-5 Year USD Bond ETF accounts for 5.0% of Lakeridge Wealth Management LLC’s investment portfolio, making the stock its 4th biggest holding. Lakeridge Wealth Management LLC owned about 0.22% of iShares Core 1-5 Year USD Bond ETF worth $9,963,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Ameriflex Group Inc. purchased a new position in iShares Core 1-5 Year USD Bond ETF in the 4th quarter valued at approximately $34,000. NBC Securities Inc. increased its stake in iShares Core 1-5 Year USD Bond ETF by 75,900.0% in the 1st quarter. NBC Securities Inc. now owns 760 shares of the company’s stock valued at $36,000 after purchasing an additional 759 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in iShares Core 1-5 Year USD Bond ETF in the 4th quarter valued at approximately $46,000. Farther Finance Advisors LLC increased its stake in iShares Core 1-5 Year USD Bond ETF by 223.4% in the 1st quarter. Farther Finance Advisors LLC now owns 1,258 shares of the company’s stock valued at $61,000 after purchasing an additional 869 shares in the last quarter. Finally, Burkett Financial Services LLC increased its stake in iShares Core 1-5 Year USD Bond ETF by 115.4% in the 1st quarter. Burkett Financial Services LLC now owns 2,141 shares of the company’s stock valued at $104,000 after purchasing an additional 1,147 shares in the last quarter.

iShares Core 1-5 Year USD Bond ETF Price Performance

NASDAQ ISTB opened at $48.25 on Friday. The business has a 50 day moving average price of $48.22 and a 200 day moving average price of $48.06. The company has a market capitalization of $4.51 billion, a P/E ratio of 10.99 and a beta of 0.07. iShares Core 1-5 Year USD Bond ETF has a 1-year low of $47.16 and a 1-year high of $48.75.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were given a dividend of $0.1705 per share. This is an increase from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.16. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.05 annualized dividend and a yield of 4.24%.

iShares Core 1-5 Year USD Bond ETF Profile

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.