Spinnaker Trust Increases Holdings in iShares Core 1-5 Year USD Bond ETF $ISTB

Spinnaker Trust boosted its position in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) by 2.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,384,279 shares of the company’s stock after acquiring an additional 38,402 shares during the quarter. iShares Core 1-5 Year USD Bond ETF accounts for 3.6% of Spinnaker Trust’s holdings, making the stock its 5th largest holding. Spinnaker Trust owned 1.42% of iShares Core 1-5 Year USD Bond ETF worth $67,484,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Spire Wealth Management boosted its position in iShares Core 1-5 Year USD Bond ETF by 37.5% in the fourth quarter. Spire Wealth Management now owns 800 shares of the company’s stock valued at $39,000 after buying an additional 218 shares in the last quarter. Rothschild Investment LLC boosted its position in iShares Core 1-5 Year USD Bond ETF by 41.8% in the third quarter. Rothschild Investment LLC now owns 1,695 shares of the company’s stock valued at $83,000 after buying an additional 500 shares in the last quarter. Dagco Inc. acquired a new stake in iShares Core 1-5 Year USD Bond ETF in the fourth quarter valued at approximately $97,000. Flagship Harbor Advisors LLC acquired a new stake in iShares Core 1-5 Year USD Bond ETF in the fourth quarter valued at approximately $103,000. Finally, Assetmark Inc. boosted its position in iShares Core 1-5 Year USD Bond ETF by 37.7% in the third quarter. Assetmark Inc. now owns 2,407 shares of the company’s stock valued at $118,000 after buying an additional 659 shares in the last quarter.

iShares Core 1-5 Year USD Bond ETF Stock Performance

Shares of NASDAQ:ISTB opened at $48.17 on Tuesday. The firm has a market cap of $4.72 billion, a PE ratio of 10.99 and a beta of 0.11. The firm’s fifty day moving average is $48.35 and its 200-day moving average is $48.62. iShares Core 1-5 Year USD Bond ETF has a 52 week low of $48.03 and a 52 week high of $49.05.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.172 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Monday, June 1st.

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.