HB Wealth Management LLC Invests $651,000 in iShares Core 1-5 Year USD Bond ETF $ISTB

HB Wealth Management LLC bought a new position in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) during the third quarter, according to its most recent filing with the SEC. The firm bought 13,334 shares of the company’s stock, valued at approximately $651,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CoreCap Advisors LLC raised its holdings in iShares Core 1-5 Year USD Bond ETF by 174.1% during the third quarter. CoreCap Advisors LLC now owns 721 shares of the company’s stock worth $35,000 after buying an additional 458 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in shares of iShares Core 1-5 Year USD Bond ETF during the second quarter worth about $37,000. Assetmark Inc. increased its position in shares of iShares Core 1-5 Year USD Bond ETF by 1,394.0% during the second quarter. Assetmark Inc. now owns 1,748 shares of the company’s stock worth $85,000 after acquiring an additional 1,631 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 3,024.7% in the 2nd quarter. Parallel Advisors LLC now owns 2,656 shares of the company’s stock worth $129,000 after acquiring an additional 2,571 shares during the last quarter. Finally, Rice Partnership LLC bought a new position in iShares Core 1-5 Year USD Bond ETF in the 2nd quarter valued at about $185,000.

iShares Core 1-5 Year USD Bond ETF Stock Performance

ISTB stock opened at $48.80 on Wednesday. The business has a 50-day simple moving average of $48.77 and a two-hundred day simple moving average of $48.72. The company has a market capitalization of $4.71 billion, a P/E ratio of 10.99 and a beta of 0.11. iShares Core 1-5 Year USD Bond ETF has a 52-week low of $47.59 and a 52-week high of $48.99.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were given a dividend of $0.1699 per share. The ex-dividend date of this dividend was Friday, December 19th. This is a positive change 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%.

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.