Sheets Smith Wealth Management Has $3.40 Million Stake in iShares Core 1-5 Year USD Bond ETF $ISTB

Sheets Smith Wealth Management lifted its position in shares of iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) by 74.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,155 shares of the company’s stock after purchasing an additional 29,850 shares during the period. Sheets Smith Wealth Management owned 0.07% of iShares Core 1-5 Year USD Bond ETF worth $3,400,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. SHP Wealth Management purchased a new stake in iShares Core 1-5 Year USD Bond ETF during the 4th quarter valued at about $70,668,000. Acorns Advisers LLC grew its position in iShares Core 1-5 Year USD Bond ETF by 7.8% during the 3rd quarter. Acorns Advisers LLC now owns 10,992,587 shares of the company’s stock worth $536,878,000 after acquiring an additional 793,589 shares during the last quarter. Boyd Wealth Management LLC purchased a new position in iShares Core 1-5 Year USD Bond ETF in the 4th quarter worth approximately $13,198,000. Ballast Financial Advisors LLC purchased a new position in iShares Core 1-5 Year USD Bond ETF in the 4th quarter worth approximately $10,391,000. Finally, JPMorgan Chase & Co. lifted its position in iShares Core 1-5 Year USD Bond ETF by 24.6% in the fourth quarter. JPMorgan Chase & Co. now owns 1,071,154 shares of the company’s stock valued at $52,219,000 after purchasing an additional 211,271 shares during the last quarter.

iShares Core 1-5 Year USD Bond ETF Stock Performance

ISTB stock opened at $48.17 on Friday. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 10.99 and a beta of 0.11. The firm’s 50-day moving average price is $48.30 and its two-hundred day moving average price is $48.56. iShares Core 1-5 Year USD Bond ETF has a 12-month low of $48.02 and a 12-month high of $49.05.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were paid a dividend of $0.172 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%.

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.