iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sets New 52-Week Low – What’s Next?

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTBGet Free Report)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $47.95 and last traded at $47.96, with a volume of 379640 shares. The stock had previously closed at $48.03.

iShares Core 1-5 Year USD Bond ETF Stock Performance

The firm has a fifty day moving average price of $48.18 and a 200 day moving average price of $48.49. The company has a market cap of $5.05 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

The company also recently declared a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.1713 per share. The ex-dividend date of this dividend was Wednesday, July 1st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ISTB. Sunesis Advisors LLC acquired a new position in shares of iShares Core 1-5 Year USD Bond ETF during the 2nd quarter worth about $2,655,000. City Holding Co. raised its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 14.7% in the 2nd quarter. City Holding Co. now owns 71,925 shares of the company’s stock valued at $3,470,000 after purchasing an additional 9,239 shares during the period. Prosperity Planning Inc. lifted its stake in iShares Core 1-5 Year USD Bond ETF by 7.9% in the 2nd quarter. Prosperity Planning Inc. now owns 1,098,252 shares of the company’s stock valued at $52,991,000 after purchasing an additional 80,407 shares during the last quarter. Sterling Investment Advisors LLC ADV lifted its stake in iShares Core 1-5 Year USD Bond ETF by 2.4% in the 2nd quarter. Sterling Investment Advisors LLC ADV now owns 144,939 shares of the company’s stock valued at $6,993,000 after purchasing an additional 3,359 shares during the last quarter. Finally, Shrier Wealth Management LLC lifted its stake in iShares Core 1-5 Year USD Bond ETF by 1.5% in the 2nd quarter. Shrier Wealth Management LLC now owns 18,318 shares of the company’s stock valued at $884,000 after purchasing an additional 274 shares during the last quarter.

iShares Core 1-5 Year USD Bond ETF Company Profile

(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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