iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Reaches New 1-Year Low – Time to Sell?

Shares of iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $47.46 and last traded at $47.50, with a volume of 366797 shares trading hands. The stock had previously closed at $47.52.

iShares Core 1-5 Year USD Bond ETF Price Performance

The stock has a market capitalization of $4.76 billion, a P/E ratio of 10.99 and a beta of 0.11. The firm’s 50 day moving average price is $47.94 and its 200 day moving average price is $48.20.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were paid a $0.1772 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This is a boost from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.17. This represents a c) annualized dividend and a dividend yield of 4.5%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ISTB. NewEdge Advisors LLC increased its stake in shares of iShares Core 1-5 Year USD Bond ETF by 21.0% during the second quarter. NewEdge Advisors LLC now owns 79,682 shares of the company’s stock valued at $3,845,000 after buying an additional 13,814 shares during the period. IFP Advisors Inc raised its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 154.2% during the second quarter. IFP Advisors Inc now owns 1,253 shares of the company’s stock valued at $60,000 after acquiring an additional 760 shares in the last quarter. Baird Financial Group Inc. lifted its stake in iShares Core 1-5 Year USD Bond ETF by 3.7% in the second quarter. Baird Financial Group Inc. now owns 30,025 shares of the company’s stock worth $1,449,000 after acquiring an additional 1,082 shares during the period. XY Planning Network Inc. lifted its stake in iShares Core 1-5 Year USD Bond ETF by 32.4% in the second quarter. XY Planning Network Inc. now owns 42,588 shares of the company’s stock worth $2,055,000 after acquiring an additional 10,424 shares during the period. Finally, HB Wealth Management LLC lifted its stake in iShares Core 1-5 Year USD Bond ETF by 12.8% in the second quarter. HB Wealth Management LLC now owns 10,433 shares of the company’s stock worth $503,000 after acquiring an additional 1,185 shares during the period.

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.