iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sets New 12-Month Low – Time to Sell?

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) hit a new 52-week low during trading on Wednesday . The stock traded as low as $47.73 and last traded at $47.7350, with a volume of 61976 shares. The stock had previously closed at $47.77.

iShares Core 1-5 Year USD Bond ETF Stock Performance

The business has a fifty day moving average of $47.99 and a two-hundred day moving average of $48.24. The firm has a market capitalization of $5.08 billion, a price-to-earnings ratio of 10.99 and a beta of 0.11.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were given 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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Turtle Creek Wealth Advisors LLC bought a new stake in shares of iShares Core 1-5 Year USD Bond ETF during the first quarter worth approximately $44,000. Rossby Financial LCC grew its holdings in iShares Core 1-5 Year USD Bond ETF by 41.7% in 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. IFP Advisors Inc grew its holdings in iShares Core 1-5 Year USD Bond ETF by 154.2% in the 2nd quarter. IFP Advisors Inc now owns 1,253 shares of the company’s stock valued at $60,000 after buying an additional 760 shares in the last quarter. Strive Financial Group LLC acquired a new stake in shares of iShares Core 1-5 Year USD Bond ETF during the fourth quarter worth $68,000. Finally, Banque Transatlantique SA increased its position in iShares Core 1-5 Year USD Bond ETF by 47.4% during the fourth quarter. Banque Transatlantique SA now owns 2,126 shares of the company’s stock worth $104,000 after acquiring an additional 684 shares during the period.

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.