Destination Wealth Management Grows Stake in iShares Core 5-10 Year USD Bond ETF $IMTB

Destination Wealth Management lifted its position in iShares Core 5-10 Year USD Bond ETF (NYSEARCA:IMTB) by 6.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 499,978 shares of the company’s stock after buying an additional 28,158 shares during the period. Destination Wealth Management owned approximately 7.94% of iShares Core 5-10 Year USD Bond ETF worth $22,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kestra Advisory Services LLC purchased a new position in shares of iShares Core 5-10 Year USD Bond ETF in the 4th quarter worth $53,000. Godfrey Financial Associates Inc. purchased a new position in shares of iShares Core 5-10 Year USD Bond ETF in the 4th quarter worth $58,000. Chapman Financial Group LLC purchased a new position in shares of iShares Core 5-10 Year USD Bond ETF in the 2nd quarter worth $98,000. Rice Partnership LLC boosted its stake in shares of iShares Core 5-10 Year USD Bond ETF by 3.4% in the 3rd quarter. Rice Partnership LLC now owns 9,246 shares of the company’s stock worth $409,000 after buying an additional 308 shares during the last quarter. Finally, Reliant Investment Partners LLC boosted its stake in shares of iShares Core 5-10 Year USD Bond ETF by 11.3% in the 4th quarter. Reliant Investment Partners LLC now owns 9,986 shares of the company’s stock worth $441,000 after buying an additional 1,011 shares during the last quarter.

iShares Core 5-10 Year USD Bond ETF Stock Performance

IMTB stock opened at $43.75 on Friday. iShares Core 5-10 Year USD Bond ETF has a 1 year low of $42.92 and a 1 year high of $44.83. The stock’s fifty day moving average price is $43.67 and its 200-day moving average price is $44.02.

iShares Core 5-10 Year USD Bond ETF Company Profile

The iShares Core 5-10 Year USD Bond ETF (IMTB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market value-weighted, USD-denominated broad bond index with maturities between five and ten years. Eligible sectors include US Treasurys, global government-related bonds, global investment-grade and high yield corporate bonds, and emerging market bonds. IMTB was launched on Nov 1, 2016 and is managed by BlackRock.