Cranbrook Wealth Management LLC Lowers Stock Holdings in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB)

Cranbrook Wealth Management LLC reduced its stake in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) by 2.6% during the 1st quarter, HoldingsChannel reports. The firm owned 162,198 shares of the company’s stock after selling 4,344 shares during the period. iShares Core 1-5 Year USD Bond ETF accounts for 1.8% of Cranbrook Wealth Management LLC’s portfolio, making the stock its 14th biggest position. Cranbrook Wealth Management LLC’s holdings in iShares Core 1-5 Year USD Bond ETF were worth $7,842,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Acorns Advisers LLC lifted its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 4.9% in the 4th quarter. Acorns Advisers LLC now owns 10,728,367 shares of the company’s stock valued at $512,494,000 after buying an additional 497,728 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,068,324 shares of the company’s stock valued at $146,574,000 after buying an additional 11,280 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of iShares Core 1-5 Year USD Bond ETF in the 4th quarter valued at approximately $90,759,000. Spinnaker Trust lifted its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 16.3% in the 4th quarter. Spinnaker Trust now owns 1,504,770 shares of the company’s stock valued at $71,883,000 after buying an additional 210,364 shares during the period. Finally, Mariner LLC lifted its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 5.6% in the 4th quarter. Mariner LLC now owns 1,132,511 shares of the company’s stock valued at $54,100,000 after buying an additional 59,977 shares during the period.

iShares Core 1-5 Year USD Bond ETF Price Performance

ISTB opened at $48.10 on Friday. The business has a 50 day simple moving average of $48.22 and a 200-day simple moving average of $48.05. The stock has a market capitalization of $4.49 billion, a P/E ratio of 10.99 and a beta of 0.07. iShares Core 1-5 Year USD Bond ETF has a 12 month low of $47.14 and a 12 month high of $48.75.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, June 2nd were issued a dividend of $0.1705 per share. The ex-dividend date of this dividend was Monday, June 2nd. This is a boost from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.16. This represents a $2.05 annualized dividend and a yield of 4.25%.

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.