iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Hits New 52-Week Low – Time to Sell?

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) shares hit a new 52-week low on Thursday . The company traded as low as $47.90 and last traded at $47.91, with a volume of 32947 shares changing hands. The stock had previously closed at $47.96.

iShares Core 1-5 Year USD Bond ETF Price Performance

The stock has a market capitalization of $5.09 billion, a P/E ratio of 10.99 and a beta of 0.11. The firm has a fifty day moving average of $48.13 and a two-hundred day moving average of $48.45.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a $0.1713 dividend. The ex-dividend date of this dividend was Wednesday, July 1st.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. PFG Advisors purchased a new position in iShares Core 1-5 Year USD Bond ETF in the 4th quarter worth $819,000. Bartlett & CO. Wealth Management LLC lifted its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 31.9% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 556,170 shares of the company’s stock worth $27,113,000 after purchasing an additional 134,574 shares during the period. Townsend & Associates Inc boosted its position in iShares Core 1-5 Year USD Bond ETF by 1.5% in the fourth quarter. Townsend & Associates Inc now owns 1,166,721 shares of the company’s stock valued at $56,866,000 after buying an additional 17,652 shares during the last quarter. Apella Capital LLC boosted its position in iShares Core 1-5 Year USD Bond ETF by 15.1% in the fourth quarter. Apella Capital LLC now owns 814,422 shares of the company’s stock valued at $39,703,000 after buying an additional 106,752 shares during the last quarter. Finally, Chatterton & Associates Inc. acquired a new position in iShares Core 1-5 Year USD Bond ETF in the 4th quarter worth approximately $2,161,000.

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.