iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sees Strong Trading Volume After Dividend Announcement

Shares of iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) saw an uptick in trading volume on Monday after the company announced a dividend. 447,236 shares traded hands during trading, an increase of 9% from the previous session’s volume of 408,684 shares.The stock last traded at $47.85 and had previously closed at $48.03.

The newly announced dividend which will be paid on Thursday, February 6th. Investors of record on Monday, February 3rd will be paid a $0.1632 dividend. The ex-dividend date of this dividend is Monday, February 3rd.

iShares Core 1-5 Year USD Bond ETF Stock Up 0.2 %

The stock has a market cap of $4.26 billion, a PE ratio of 16.72 and a beta of 0.07. The firm has a 50-day simple moving average of $47.85 and a 200-day simple moving average of $48.07.

Institutional Investors Weigh In On iShares Core 1-5 Year USD Bond ETF

Several institutional investors have recently made changes to their positions in ISTB. Spinnaker Trust lifted its position in shares of iShares Core 1-5 Year USD Bond ETF by 16.3% during the fourth quarter. Spinnaker Trust now owns 1,504,770 shares of the company’s stock worth $71,883,000 after acquiring an additional 210,364 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of iShares Core 1-5 Year USD Bond ETF in the fourth quarter worth $9,491,000. Fiduciary Advisors Inc. bought a new position in shares of iShares Core 1-5 Year USD Bond ETF in the fourth quarter worth $7,913,000. Boyd Wealth Management LLC bought a new position in shares of iShares Core 1-5 Year USD Bond ETF in the third quarter worth $7,841,000. Finally, Values First Advisors Inc. bought a new position in shares of iShares Core 1-5 Year USD Bond ETF in the third quarter worth $7,611,000.

iShares Core 1-5 Year USD Bond ETF Company Profile

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.