iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Hits New 1-Year Low – What’s Next?

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) reached a new 52-week low on Wednesday . The stock traded as low as $47.73 and last traded at $47.7350, with a volume of 61976 shares changing hands. The stock had previously closed at $47.77.

iShares Core 1-5 Year USD Bond ETF Price Performance

The company has a market capitalization of $5.10 billion, a P/E ratio of 10.99 and a beta of 0.11. The business has a 50-day moving average of $48.00 and a 200-day moving average of $48.26.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were issued a $0.1772 dividend. This is a boost from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.17. The ex-dividend date was Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 4.5%.

Hedge Funds Weigh In On iShares Core 1-5 Year USD Bond ETF

Several hedge funds have recently added to or reduced their stakes in ISTB. Turtle Creek Wealth Advisors LLC bought a new stake in iShares Core 1-5 Year USD Bond ETF in the first quarter worth about $44,000. Rossby Financial LCC raised its holdings 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 period. IFP Advisors Inc raised its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 154.2% in the second quarter. IFP Advisors Inc now owns 1,253 shares of the company’s stock worth $60,000 after buying an additional 760 shares during the period. Strive Financial Group LLC bought a new stake in shares of iShares Core 1-5 Year USD Bond ETF during the 4th quarter worth approximately $68,000. Finally, Banque Transatlantique SA lifted its stake in shares of 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 worth $104,000 after acquiring an additional 684 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.