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

Shares of iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $47.42 and last traded at $47.3850, with a volume of 49673 shares trading hands. The stock had previously closed at $47.51.

iShares Core 1-5 Year USD Bond ETF Price Performance

The business has a 50 day moving average price of $47.90 and a 200 day moving average price of $48.16. The firm has a market capitalization of $5.10 billion, a P/E ratio of 10.99 and a beta of 0.11.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were issued a $0.1772 dividend. This is an increase from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.17. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 4.5%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ISTB. SHP Wealth Management bought a new stake in shares of iShares Core 1-5 Year USD Bond ETF in the 4th quarter valued at approximately $70,668,000. Financial Solutions Advisory Group Inc. bought a new position in shares of iShares Core 1-5 Year USD Bond ETF during the 1st quarter worth approximately $57,365,000. Ballast Financial Advisors LLC bought a new position in shares of iShares Core 1-5 Year USD Bond ETF during the 4th quarter worth approximately $10,391,000. Bartlett & CO. Wealth Management LLC boosted its stake in iShares Core 1-5 Year USD Bond ETF by 33.3% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 741,304 shares of the company’s stock valued at $35,875,000 after buying an additional 185,134 shares in the last quarter. Finally, Apella Capital LLC boosted its stake in iShares Core 1-5 Year USD Bond ETF by 14.5% in the 2nd quarter. Apella Capital LLC now owns 1,085,686 shares of the company’s stock valued at $52,178,000 after buying an additional 137,171 shares in the last quarter.

iShares Core 1-5 Year USD Bond ETF Company Profile

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.