iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sees Strong Trading Volume – Should You Buy?

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) shares saw an uptick in trading volume on Thursday . 1,882,312 shares were traded during mid-day trading, an increase of 306% from the previous session’s volume of 463,320 shares.The stock last traded at $48.33 and had previously closed at $48.29.

iShares Core 1-5 Year USD Bond ETF Stock Up 0.1%

The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 10.99 and a beta of 0.11. The stock has a 50 day moving average of $48.37 and a 200 day moving average of $48.63.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were paid a $0.1722 dividend. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Friday, May 1st.

Hedge Funds Weigh In On iShares Core 1-5 Year USD Bond ETF

A number of hedge funds have recently bought and sold shares of the company. Spire Wealth Management boosted its position in shares of iShares Core 1-5 Year USD Bond ETF by 37.5% during the fourth quarter. Spire Wealth Management now owns 800 shares of the company’s stock worth $39,000 after buying an additional 218 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new position in shares of iShares Core 1-5 Year USD Bond ETF during the first quarter worth approximately $44,000. Rossby Financial LCC boosted its position in shares of iShares Core 1-5 Year USD Bond ETF by 41.7% during the fourth quarter. Rossby Financial LCC now owns 986 shares of the company’s stock worth $48,000 after buying an additional 290 shares during the period. Strive Financial Group LLC acquired a new position in shares of iShares Core 1-5 Year USD Bond ETF during the fourth quarter worth approximately $68,000. Finally, Rothschild Investment LLC boosted its position in shares of iShares Core 1-5 Year USD Bond ETF by 41.8% during the third quarter. Rothschild Investment LLC now owns 1,695 shares of the company’s stock worth $83,000 after buying an additional 500 shares during the period.

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.