iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sets New 12-Month Low – Time to Sell?

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB)’s stock price reached a new 52-week low on Tuesday. The company traded as low as $47.17 and last traded at $47.20, with a volume of 1099063 shares trading hands. The stock had previously closed at $47.31.

iShares Core 1-5 Year USD Bond ETF Stock Up 0.1%

The firm has a market capitalization of $5.15 billion, a PE ratio of 10.99 and a beta of 0.11. The firm’s fifty day simple moving average is $47.80 and its 200-day simple moving average is $48.10.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were given a dividend of $0.1772 per share. This represents a $2.13 annualized dividend and a dividend yield of 4.5%. This is an increase from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.1743. The ex-dividend date of this dividend was Tuesday, September 1st.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ISTB. State of Wisconsin Investment Board increased its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 1.4% in the 4th quarter. State of Wisconsin Investment Board now owns 5,312,625 shares of the company’s stock worth $258,990,000 after purchasing an additional 71,400 shares in the last quarter. SHP Wealth Management bought a new position in shares of iShares Core 1-5 Year USD Bond ETF during the fourth quarter valued at $70,668,000. Financial Solutions Advisory Group Inc. purchased a new stake in shares of iShares Core 1-5 Year USD Bond ETF during the first quarter valued at $57,365,000. Cahaba Wealth Management Inc. boosted its position in shares of iShares Core 1-5 Year USD Bond ETF by 6.0% during the first quarter. Cahaba Wealth Management Inc. now owns 1,128,804 shares of the company’s stock valued at $54,702,000 after buying an additional 64,238 shares during the last quarter. Finally, Prosperity Planning Inc. boosted its position in shares of iShares Core 1-5 Year USD Bond ETF by 7.9% during the second quarter. Prosperity Planning Inc. now owns 1,098,252 shares of the company’s stock valued at $52,991,000 after buying an additional 80,407 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.