Destination Wealth Management boosted its position in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB – Free Report) by 5.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 612,783 shares of the company’s stock after purchasing an additional 32,589 shares during the quarter. Destination Wealth Management’s holdings in iShares Core 1-5 Year USD Bond ETF were worth $29,873,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. PFG Advisors acquired a new stake in iShares Core 1-5 Year USD Bond ETF during the 4th quarter valued at $819,000. Cahaba Wealth Management Inc. boosted its holdings in iShares Core 1-5 Year USD Bond ETF by 6.7% in the fourth quarter. Cahaba Wealth Management Inc. now owns 1,064,566 shares of the company’s stock worth $51,898,000 after purchasing an additional 66,931 shares in the last quarter. Bartlett & CO. Wealth Management LLC boosted its holdings in iShares Core 1-5 Year USD Bond ETF by 31.9% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 556,170 shares of the company’s stock worth $27,113,000 after purchasing an additional 134,574 shares in the last quarter. Apella Capital LLC boosted its holdings in iShares Core 1-5 Year USD Bond ETF by 15.1% during the fourth quarter. Apella Capital LLC now owns 814,422 shares of the company’s stock valued at $39,703,000 after acquiring an additional 106,752 shares during the period. Finally, Chatterton & Associates Inc. bought a new stake in iShares Core 1-5 Year USD Bond ETF during the fourth quarter valued at about $2,161,000.
iShares Core 1-5 Year USD Bond ETF Price Performance
ISTB stock opened at $48.18 on Friday. iShares Core 1-5 Year USD Bond ETF has a 52-week low of $48.02 and a 52-week high of $49.05. The company has a 50-day moving average of $48.31 and a two-hundred day moving average of $48.58. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 10.99 and a beta of 0.11.
iShares Core 1-5 Year USD Bond ETF Cuts Dividend
iShares Core 1-5 Year USD Bond ETF Company 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.
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