iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sees Strong Trading Volume – Should You Buy?

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) saw strong trading volume on Thursday . 1,096,040 shares traded hands during mid-day trading, an increase of 165% from the previous session’s volume of 413,071 shares.The stock last traded at $48.7630 and had previously closed at $48.83.

iShares Core 1-5 Year USD Bond ETF Stock Performance

The business has a 50 day simple moving average of $48.77 and a two-hundred day simple moving average of $48.72. The firm has a market capitalization of $4.71 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 business also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were issued a $0.1699 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, December 19th. This is a positive change from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.17.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ISTB. Acorns Advisers LLC boosted its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 7.8% in the 3rd quarter. Acorns Advisers LLC now owns 10,992,587 shares of the company’s stock worth $536,878,000 after purchasing an additional 793,589 shares in the last quarter. Bartlett & CO. Wealth Management LLC purchased a new stake in iShares Core 1-5 Year USD Bond ETF in the third quarter worth approximately $20,591,000. Apella Capital LLC grew its position in iShares Core 1-5 Year USD Bond ETF by 81.2% during the third quarter. Apella Capital LLC now owns 707,670 shares of the company’s stock valued at $34,648,000 after acquiring an additional 317,066 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of iShares Core 1-5 Year USD Bond ETF by 19.6% during the third quarter. Jones Financial Companies Lllp now owns 1,176,780 shares of the company’s stock worth $57,427,000 after acquiring an additional 193,124 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 60.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 513,291 shares of the company’s stock worth $24,979,000 after acquiring an additional 192,418 shares during the last quarter.

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.