Financial Solutions Advisory Group Inc. Sells 98,259 Shares of iShares Core 1-5 Year USD Bond ETF $ISTB

Financial Solutions Advisory Group Inc. cut its stake in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) by 8.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,026,026 shares of the company’s stock after selling 98,259 shares during the quarter. iShares Core 1-5 Year USD Bond ETF comprises about 6.2% of Financial Solutions Advisory Group Inc.’s holdings, making the stock its 6th biggest holding. Financial Solutions Advisory Group Inc.’s holdings in iShares Core 1-5 Year USD Bond ETF were worth $48,582,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Beacon Hill Wealth Management LTD. purchased a new position in shares of iShares Core 1-5 Year USD Bond ETF during the second quarter valued at about $1,010,000. C M Bidwell & Associates Ltd. purchased a new stake in iShares Core 1-5 Year USD Bond ETF in the second quarter worth about $4,904,000. Geneos Wealth Management Inc. lifted its holdings in iShares Core 1-5 Year USD Bond ETF by 6.7% in the first quarter. Geneos Wealth Management Inc. now owns 581,180 shares of the company’s stock worth $28,164,000 after buying an additional 36,345 shares during the period. NewEdge Advisors LLC grew its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 21.0% during the 2nd quarter. NewEdge Advisors LLC now owns 79,682 shares of the company’s stock worth $3,845,000 after acquiring an additional 13,814 shares during the period. Finally, Keybank National Association OH grew its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 19.7% during the 1st quarter. Keybank National Association OH now owns 195,521 shares of the company’s stock worth $9,475,000 after acquiring an additional 32,210 shares during the period.

iShares Core 1-5 Year USD Bond ETF Stock Performance

Shares of NASDAQ:ISTB opened at $47.53 on Friday. iShares Core 1-5 Year USD Bond ETF has a 52-week low of $47.01 and a 52-week high of $49.05. The firm has a market capitalization of $5.35 billion, a P/E ratio of 10.99 and a beta of 0.11. The stock has a 50 day moving average price of $47.50 and a 200-day moving average price of $48.16.

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 is a boost from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.1743. This represents a $2.13 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Tuesday, September 1st.

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.