Rice Partnership LLC Makes New $166,000 Investment in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB)

Rice Partnership LLC purchased a new stake in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,498 shares of the company’s stock, valued at approximately $166,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Spinnaker Trust boosted its stake in iShares Core 1-5 Year USD Bond ETF by 0.7% in the 2nd quarter. Spinnaker Trust now owns 1,246,485 shares of the company’s stock worth $59,046,000 after purchasing an additional 9,105 shares during the period. Townsend & Associates Inc grew its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 2.3% during the first quarter. Townsend & Associates Inc now owns 945,072 shares of the company’s stock worth $44,418,000 after buying an additional 20,866 shares in the last quarter. MBL Wealth LLC raised its position in iShares Core 1-5 Year USD Bond ETF by 2.6% in the 2nd quarter. MBL Wealth LLC now owns 678,022 shares of the company’s stock valued at $32,118,000 after buying an additional 16,989 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in iShares Core 1-5 Year USD Bond ETF by 34.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 590,319 shares of the company’s stock valued at $27,963,000 after buying an additional 152,038 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in iShares Core 1-5 Year USD Bond ETF by 29.0% in the 1st quarter. Jane Street Group LLC now owns 523,578 shares of the company’s stock valued at $24,839,000 after acquiring an additional 117,604 shares in the last quarter.

iShares Core 1-5 Year USD Bond ETF Price Performance

Shares of ISTB traded up $0.01 during mid-day trading on Monday, hitting $48.36. 223,000 shares of the company’s stock were exchanged, compared to its average volume of 411,530. iShares Core 1-5 Year USD Bond ETF has a 52 week low of $45.37 and a 52 week high of $48.41. The company has a market cap of $4.18 billion, a PE ratio of 16.72 and a beta of 0.07. The company has a 50-day simple moving average of $47.86 and a 200 day simple moving average of $47.44.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, August 6th. Investors of record on Thursday, August 1st were given a $0.1549 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.86 dividend on an annualized basis and a dividend yield of 3.84%. This is an increase from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.15.

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.