iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sees Strong Trading Volume – Should You Buy?

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) saw strong trading volume on Thursday . 1,882,312 shares were traded during trading, an increase of 306% from the previous session’s volume of 463,320 shares.The stock last traded at $48.33 and had previously closed at $48.29.

iShares Core 1-5 Year USD Bond ETF Price Performance

The firm has a market capitalization of $4.74 billion, a PE ratio of 10.99 and a beta of 0.11. The stock has a 50-day moving average price of $48.37 and a 200-day moving average price of $48.63.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were given 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 Trading of iShares Core 1-5 Year USD Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of ISTB. Goldman Sachs Group Inc. increased its position in shares of iShares Core 1-5 Year USD Bond ETF by 100.9% during the first quarter. Goldman Sachs Group Inc. now owns 165,118 shares of the company’s stock worth $7,983,000 after acquiring an additional 82,911 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of iShares Core 1-5 Year USD Bond ETF during the first quarter worth about $1,681,000. NewEdge Advisors LLC grew its stake in iShares Core 1-5 Year USD Bond ETF by 13.4% in the second quarter. NewEdge Advisors LLC now owns 57,776 shares of the company’s stock worth $2,811,000 after purchasing an additional 6,809 shares in the last quarter. Betterment LLC grew its stake in iShares Core 1-5 Year USD Bond ETF by 6.8% in the second quarter. Betterment LLC now owns 39,922 shares of the company’s stock worth $1,942,000 after purchasing an additional 2,550 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in iShares Core 1-5 Year USD Bond ETF by 60.0% in the second quarter. Ameriprise Financial Inc. now owns 513,291 shares of the company’s stock worth $24,979,000 after purchasing an additional 192,418 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.