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

Shares of iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) hit a new 52-week low during trading on Monday . The company traded as low as $47.88 and last traded at $47.89, with a volume of 18972 shares. The stock had previously closed at $48.03.

iShares Core 1-5 Year USD Bond ETF Trading Up 0.2%

The business’s 50-day simple moving average is $48.11 and its two-hundred day simple moving average is $48.40. The company has a market capitalization of $5.11 billion, a PE ratio of 10.99 and a beta of 0.11.

iShares Core 1-5 Year USD Bond ETF Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 6th. Investors of record on Monday, August 3rd will be paid a $0.1743 dividend. The ex-dividend date is Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 4.4%.

Institutional Investors Weigh In On iShares Core 1-5 Year USD Bond ETF

Hedge funds have recently bought and sold shares of the business. Turtle Creek Wealth Advisors LLC acquired a new position in shares of iShares Core 1-5 Year USD Bond ETF in the 1st quarter valued at approximately $44,000. Rossby Financial LCC increased its stake in shares of iShares Core 1-5 Year USD Bond ETF by 41.7% in 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 last quarter. Strive Financial Group LLC acquired a new stake in iShares Core 1-5 Year USD Bond ETF in the fourth quarter valued at $68,000. Flagship Harbor Advisors LLC acquired a new stake in iShares Core 1-5 Year USD Bond ETF in the fourth quarter valued at $103,000. Finally, Banque Transatlantique SA boosted its stake in iShares Core 1-5 Year USD Bond ETF by 47.4% during the 4th quarter. Banque Transatlantique SA now owns 2,126 shares of the company’s stock valued at $104,000 after acquiring an additional 684 shares during 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.