iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sets New 52-Week Low – Here’s Why

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $47.42 and last traded at $47.3850, with a volume of 49673 shares traded. The stock had previously closed at $47.51.

iShares Core 1-5 Year USD Bond ETF Stock Down 0.3%

The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 10.99 and a beta of 0.11. The company’s 50-day simple moving average is $47.90 and its 200 day simple moving average is $48.16.

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 issued a dividend of $0.1772 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. This is a positive change from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.17.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Wisconsin Investment Board grew its holdings in iShares Core 1-5 Year USD Bond ETF by 1.4% during the fourth quarter. State of Wisconsin Investment Board now owns 5,312,625 shares of the company’s stock valued at $258,990,000 after purchasing an additional 71,400 shares during the last quarter. SHP Wealth Management bought a new stake in shares of iShares Core 1-5 Year USD Bond ETF during the 4th quarter worth $70,668,000. Spinnaker Trust grew its stake in iShares Core 1-5 Year USD Bond ETF by 2.9% in the 4th quarter. Spinnaker Trust now owns 1,384,279 shares of the company’s stock valued at $67,484,000 after buying an additional 38,402 shares during the last quarter. Financial Solutions Advisory Group Inc. acquired a new position in iShares Core 1-5 Year USD Bond ETF in the 1st quarter valued at $57,365,000. Finally, Cahaba Wealth Management Inc. grew its stake in iShares Core 1-5 Year USD Bond ETF by 6.0% in the 1st quarter. Cahaba Wealth Management Inc. now owns 1,128,804 shares of the company’s stock valued at $54,702,000 after buying an additional 64,238 shares during 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.