Samalin Investment Counsel LLC purchased a new stake in shares of iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB – Free Report) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 112,604 shares of the company’s stock, valued at approximately $5,321,000. iShares Core 1-5 Year USD Bond ETF makes up approximately 1.6% of Samalin Investment Counsel LLC’s investment portfolio, making the stock its 8th biggest holding.
A number of other large investors have also added to or reduced their stakes in the company. Valley National Advisers Inc. bought a new position in shares of iShares Core 1-5 Year USD Bond ETF during the 3rd quarter valued at approximately $75,000. Invested Advisors purchased a new position in shares of iShares Core 1-5 Year USD Bond ETF in the third quarter valued at $669,000. MBL Wealth LLC grew its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 5.8% in the third quarter. MBL Wealth LLC now owns 925,403 shares of the company’s stock valued at $43,725,000 after purchasing an additional 50,587 shares in the last quarter. Courage Miller Partners LLC bought a new stake in iShares Core 1-5 Year USD Bond ETF in the third quarter worth $28,692,000. Finally, Beacon Hill Wealth Management LTD. increased its position in iShares Core 1-5 Year USD Bond ETF by 2.1% in the third quarter. Beacon Hill Wealth Management LTD. now owns 21,371 shares of the company’s stock worth $1,010,000 after purchasing an additional 435 shares during the last quarter.
iShares Core 1-5 Year USD Bond ETF Stock Performance
Shares of ISTB opened at $47.44 on Monday. The stock has a market capitalization of $5.34 billion, a PE ratio of 10.99 and a beta of 0.11. The company’s fifty day moving average is $47.55 and its 200 day moving average is $47.97. iShares Core 1-5 Year USD Bond ETF has a fifty-two week low of $47.01 and a fifty-two week high of $49.05.
iShares Core 1-5 Year USD Bond ETF Increases Dividend
The firm also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were paid a $0.1772 dividend. This represents a $2.13 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Tuesday, September 1st. This is an increase 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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