iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sets New 52-Week High – Here’s Why

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) reached a new 52-week high during trading on Tuesday . The stock traded as high as $49.00 and last traded at $48.7920, with a volume of 258 shares. The stock had previously closed at $48.77.

iShares Core 1-5 Year USD Bond ETF Trading Up 0.0%

The firm’s 50-day moving average price is $48.77 and its 200 day moving average price is $48.72. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 10.99 and a beta of 0.11.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were issued a dividend of $0.1699 per share. This is an increase from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.17. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Friday, December 19th.

Institutional Trading of iShares Core 1-5 Year USD Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its stake in iShares Core 1-5 Year USD Bond ETF by 1.4% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 15,426 shares of the company’s stock worth $753,000 after buying an additional 208 shares during the period. Bfsg LLC lifted its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 7.4% in the 3rd quarter. Bfsg LLC now owns 3,196 shares of the company’s stock worth $156,000 after purchasing an additional 219 shares in the last quarter. Leavell Investment Management Inc. grew its position in iShares Core 1-5 Year USD Bond ETF by 1.6% in the 2nd quarter. Leavell Investment Management Inc. now owns 13,685 shares of the company’s stock valued at $666,000 after purchasing an additional 222 shares during the period. Silverlake Wealth Management LLC grew its position in iShares Core 1-5 Year USD Bond ETF by 4.7% in the 3rd quarter. Silverlake Wealth Management LLC now owns 5,161 shares of the company’s stock valued at $252,000 after purchasing an additional 231 shares during the period. Finally, Sfmg LLC increased its stake in iShares Core 1-5 Year USD Bond ETF by 4.7% during the 2nd quarter. Sfmg LLC now owns 5,210 shares of the company’s stock valued at $253,000 after purchasing an additional 233 shares in the last quarter.

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.