Financial Solutions Advisory Group Inc. Makes New Investment in iShares Core 1-5 Year USD Bond ETF $ISTB

Financial Solutions Advisory Group Inc. purchased a new position in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) during the first quarter, Holdings Channel reports. The fund purchased 1,183,767 shares of the company’s stock, valued at approximately $57,365,000. iShares Core 1-5 Year USD Bond ETF makes up about 7.9% of Financial Solutions Advisory Group Inc.’s investment portfolio, making the stock its 3rd biggest position.

A number of other institutional investors have also recently made changes to their positions in the stock. PFG Advisors purchased a new position in iShares Core 1-5 Year USD Bond ETF in the fourth quarter worth $819,000. Bartlett & CO. Wealth Management LLC raised its position in iShares Core 1-5 Year USD Bond ETF by 31.9% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 556,170 shares of the company’s stock valued at $27,113,000 after purchasing an additional 134,574 shares in the last quarter. Townsend & Associates Inc raised its position in iShares Core 1-5 Year USD Bond ETF by 1.5% during the fourth quarter. Townsend & Associates Inc now owns 1,166,721 shares of the company’s stock valued at $56,866,000 after purchasing an additional 17,652 shares in the last quarter. Apella Capital LLC lifted its stake in iShares Core 1-5 Year USD Bond ETF by 15.1% during the fourth quarter. Apella Capital LLC now owns 814,422 shares of the company’s stock worth $39,703,000 after purchasing an additional 106,752 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in iShares Core 1-5 Year USD Bond ETF by 461.5% during the fourth quarter. Farther Finance Advisors LLC now owns 37,222 shares of the company’s stock worth $1,815,000 after purchasing an additional 30,593 shares during the last quarter.

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

ISTB opened at $48.03 on Friday. The stock has a 50-day moving average price of $48.12 and a 200-day moving average price of $48.42. iShares Core 1-5 Year USD Bond ETF has a 12-month low of $47.88 and a 12-month high of $49.05. The stock has a market capitalization of $5.11 billion, a P/E ratio of 10.99 and a beta of 0.11.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a dividend of $0.1713 per share. The ex-dividend date of this dividend was Wednesday, July 1st.

iShares Core 1-5 Year USD Bond ETF 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.