Wealth Management Resources Inc. Acquires 371,618 Shares of iShares Core 1-5 Year USD Bond ETF $ISTB

Wealth Management Resources Inc. acquired a new position in shares of iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 371,618 shares of the company’s stock, valued at approximately $17,559,000. iShares Core 1-5 Year USD Bond ETF comprises approximately 5.4% of Wealth Management Resources Inc.’s investment portfolio, making the stock its 7th biggest holding. Wealth Management Resources Inc. owned approximately 0.33% of iShares Core 1-5 Year USD Bond ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in ISTB. Shrier Wealth Management LLC lifted its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 1.5% in the 2nd quarter. Shrier Wealth Management LLC now owns 18,318 shares of the company’s stock valued at $884,000 after purchasing an additional 274 shares during the last quarter. Rockbridge Investment Management LCC grew its stake in iShares Core 1-5 Year USD Bond ETF by 0.9% during the 1st quarter. Rockbridge Investment Management LCC now owns 35,375 shares of the company’s stock worth $1,714,000 after buying an additional 304 shares during the last quarter. Affinity Capital Advisors LLC increased its position in iShares Core 1-5 Year USD Bond ETF by 7.8% during the second quarter. Affinity Capital Advisors LLC now owns 4,496 shares of the company’s stock worth $216,000 after buying an additional 325 shares during the period. Rice Partnership LLC increased its position in iShares Core 1-5 Year USD Bond ETF by 7.6% during the first quarter. Rice Partnership LLC now owns 5,212 shares of the company’s stock worth $253,000 after buying an additional 366 shares during the period. Finally, Sigma Planning Corp increased its position in iShares Core 1-5 Year USD Bond ETF by 6.3% during the first quarter. Sigma Planning Corp now owns 7,212 shares of the company’s stock worth $349,000 after buying an additional 426 shares during the period.

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

Shares of NASDAQ ISTB opened at $47.30 on Wednesday. The stock has a market cap of $5.29 billion, a P/E ratio of 10.99 and a beta of 0.11. iShares Core 1-5 Year USD Bond ETF has a twelve month low of $47.01 and a twelve month high of $49.05. The stock has a 50 day moving average of $47.59 and a two-hundred day moving average of $47.99.

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. Stockholders of record on Tuesday, September 1st were issued a $0.1772 dividend. This represents a $2.13 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Tuesday, September 1st. This is a positive change from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.1743.

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.