371,618 Shares of iShares Core 1-5 Year USD Bond ETF $ISTB Bought by Wealth Management Resources Inc.

Wealth Management Resources Inc. purchased a new position in shares of iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 371,618 shares of the company’s stock, valued at approximately $17,559,000. iShares Core 1-5 Year USD Bond ETF comprises approximately 5.4% of Wealth Management Resources Inc.’s holdings, making the stock its 7th biggest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ISTB. Apella Capital LLC increased its position in iShares Core 1-5 Year USD Bond ETF by 35.4% in the 3rd quarter. Apella Capital LLC now owns 1,469,742 shares of the company’s stock valued at $69,372,000 after acquiring an additional 384,056 shares during the period. Financial Solutions Advisory Group Inc. acquired a new stake in iShares Core 1-5 Year USD Bond ETF during the 1st quarter worth approximately $57,365,000. Prosperity Planning Inc. lifted its position in iShares Core 1-5 Year USD Bond ETF by 6.0% during the 3rd quarter. Prosperity Planning Inc. now owns 1,164,033 shares of the company’s stock worth $55,001,000 after acquiring an additional 65,781 shares during the period. Cahaba Wealth Management Inc. lifted its position in iShares Core 1-5 Year USD Bond ETF by 6.0% during the 1st quarter. Cahaba Wealth Management Inc. now owns 1,128,804 shares of the company’s stock worth $54,702,000 after acquiring an additional 64,238 shares during the period. Finally, Bartlett & CO. Wealth Management LLC grew its stake in shares of iShares Core 1-5 Year USD Bond ETF by 33.3% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 741,304 shares of the company’s stock valued at $35,875,000 after purchasing an additional 185,134 shares during the last quarter.

iShares Core 1-5 Year USD Bond ETF Trading Up 0.0%

NASDAQ:ISTB opened at $47.30 on Wednesday. The firm has a market cap of $5.29 billion, a P/E ratio of 10.99 and a beta of 0.11. The stock’s 50 day simple moving average is $47.59 and its 200-day simple moving average is $47.99. iShares Core 1-5 Year USD Bond ETF has a 12-month low of $47.01 and a 12-month high of $49.05.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were issued a dividend of $0.1772 per share. This is a boost from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.1743. This represents a $2.13 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Tuesday, September 1st.

iShares Core 1-5 Year USD Bond ETF 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.