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

Shares of iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) hit a new 52-week low on Thursday . The stock traded as low as $47.90 and last traded at $47.91, with a volume of 32947 shares changing hands. The stock had previously closed at $47.96.

iShares Core 1-5 Year USD Bond ETF Stock Performance

The firm has a 50-day moving average of $48.15 and a 200-day moving average of $48.46. The firm has a market capitalization of $5.07 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 business also recently disclosed a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.1713 per share. The ex-dividend date of this dividend was Wednesday, July 1st.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Sunesis Advisors LLC bought a new stake in iShares Core 1-5 Year USD Bond ETF during the 2nd quarter valued at $2,655,000. City Holding Co. boosted its position in iShares Core 1-5 Year USD Bond ETF by 14.7% during the 2nd quarter. City Holding Co. now owns 71,925 shares of the company’s stock valued at $3,470,000 after buying an additional 9,239 shares during the period. Prosperity Planning Inc. grew its holdings in iShares Core 1-5 Year USD Bond ETF by 7.9% in the 2nd quarter. Prosperity Planning Inc. now owns 1,098,252 shares of the company’s stock worth $52,991,000 after acquiring an additional 80,407 shares during the last quarter. Sterling Investment Advisors LLC ADV grew its holdings in iShares Core 1-5 Year USD Bond ETF by 2.4% in the 2nd quarter. Sterling Investment Advisors LLC ADV now owns 144,939 shares of the company’s stock worth $6,993,000 after acquiring an additional 3,359 shares during the last quarter. Finally, Shrier Wealth Management LLC grew its holdings in iShares Core 1-5 Year USD Bond ETF by 1.5% in the 2nd quarter. Shrier Wealth Management LLC now owns 18,318 shares of the company’s stock worth $884,000 after acquiring an additional 274 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.