iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Hits New 1-Year Low – What’s Next?

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $48.06 and last traded at $48.08, with a volume of 23693 shares. The stock had previously closed at $48.13.

iShares Core 1-5 Year USD Bond ETF Stock Performance

The stock has a market cap of $4.72 billion, a P/E ratio of 10.99 and a beta of 0.11. The company’s fifty day moving average price is $48.40 and its 200-day moving average price is $48.65.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were paid a dividend of $0.1722 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, May 1st.

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

A number of institutional investors and hedge funds have recently modified their holdings of ISTB. Spire Wealth Management lifted its stake in shares of iShares Core 1-5 Year USD Bond ETF by 37.5% during the 4th quarter. Spire Wealth Management now owns 800 shares of the company’s stock worth $39,000 after acquiring an additional 218 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in iShares Core 1-5 Year USD Bond ETF during the 1st quarter valued at about $44,000. Rossby Financial LCC lifted its holdings in iShares Core 1-5 Year USD Bond ETF by 41.7% during the 4th quarter. Rossby Financial LCC now owns 986 shares of the company’s stock valued at $48,000 after buying an additional 290 shares in the last quarter. Strive Financial Group LLC bought a new stake in iShares Core 1-5 Year USD Bond ETF during the 4th quarter valued at about $68,000. Finally, Rothschild Investment LLC lifted its holdings in iShares Core 1-5 Year USD Bond ETF by 41.8% during the 3rd quarter. Rothschild Investment LLC now owns 1,695 shares of the company’s stock valued at $83,000 after buying an additional 500 shares in the last quarter.

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.