Miracle Mile Advisors LLC Sells 51,887 Shares of iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB)

Miracle Mile Advisors LLC cut its stake in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) by 31.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 112,432 shares of the company’s stock after selling 51,887 shares during the period. Miracle Mile Advisors LLC’s holdings in iShares Core 1-5 Year USD Bond ETF were worth $5,334,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Aviance Capital Partners LLC boosted its holdings in iShares Core 1-5 Year USD Bond ETF by 13.4% in the first quarter. Aviance Capital Partners LLC now owns 7,822 shares of the company’s stock valued at $371,000 after acquiring an additional 924 shares during the last quarter. Omega Financial Group LLC boosted its holdings in iShares Core 1-5 Year USD Bond ETF by 3.0% in the first quarter. Omega Financial Group LLC now owns 240,000 shares of the company’s stock valued at $11,386,000 after acquiring an additional 7,016 shares during the last quarter. Baker Ellis Asset Management LLC lifted its stake in iShares Core 1-5 Year USD Bond ETF by 6.8% in the first quarter. Baker Ellis Asset Management LLC now owns 89,650 shares of the company’s stock valued at $4,253,000 after buying an additional 5,700 shares during the period. Capital Insight Partners LLC lifted its stake in iShares Core 1-5 Year USD Bond ETF by 2.6% in the first quarter. Capital Insight Partners LLC now owns 308,062 shares of the company’s stock valued at $14,614,000 after buying an additional 7,837 shares during the period. Finally, Courage Miller Partners LLC lifted its stake in iShares Core 1-5 Year USD Bond ETF by 0.9% in the first quarter. Courage Miller Partners LLC now owns 482,389 shares of the company’s stock valued at $22,885,000 after buying an additional 4,284 shares during the period.

iShares Core 1-5 Year USD Bond ETF Stock Down 0.4 %

ISTB traded down $0.19 during trading on Monday, hitting $47.18. The company’s stock had a trading volume of 267,967 shares, compared to its average volume of 437,561. iShares Core 1-5 Year USD Bond ETF has a twelve month low of $45.37 and a twelve month high of $48.32. The stock’s fifty day moving average price is $47.21 and its 200-day moving average price is $47.30. The firm has a market capitalization of $4.05 billion, a P/E ratio of 16.72 and a beta of 0.07.

iShares Core 1-5 Year USD Bond ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, June 3rd were paid a $0.1497 dividend. This represents a $1.80 annualized dividend and a yield of 3.81%. The ex-dividend date was Monday, June 3rd.

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.