iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sets New 52-Week High – Time to Buy?

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $48.99 and last traded at $48.9750, with a volume of 162999 shares. The stock had previously closed at $48.92.

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

The firm has a market cap of $4.78 billion, a PE ratio of 10.99 and a beta of 0.11. The company has a 50-day simple moving average of $48.79 and a 200 day simple moving average of $48.79.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a $0.1724 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.2%. This is a boost from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.17.

Institutional Trading of iShares Core 1-5 Year USD Bond ETF

Several institutional investors have recently bought and sold shares of ISTB. Strive Financial Group LLC acquired a new position in shares of iShares Core 1-5 Year USD Bond ETF during the 4th quarter worth approximately $68,000. Raymond James Financial Inc. lifted its holdings in iShares Core 1-5 Year USD Bond ETF by 5.2% during the fourth quarter. Raymond James Financial Inc. now owns 2,223,386 shares of the company’s stock valued at $108,390,000 after purchasing an additional 110,022 shares in the last quarter. Beacon Pointe Advisors LLC grew its position in shares of iShares Core 1-5 Year USD Bond ETF by 5.6% in the fourth quarter. Beacon Pointe Advisors LLC now owns 434,070 shares of the company’s stock valued at $21,161,000 after purchasing an additional 22,903 shares during the period. Cim LLC raised its position in shares of iShares Core 1-5 Year USD Bond ETF by 3.4% during the 4th quarter. Cim LLC now owns 551,248 shares of the company’s stock worth $26,873,000 after purchasing an additional 18,330 shares during the last quarter. Finally, Ballast Financial Advisors LLC purchased a new position in shares of iShares Core 1-5 Year USD Bond ETF in the fourth quarter valued at approximately $10,391,000.

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.