iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sees Unusually-High Trading Volume – Time to Buy?

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) shares saw an uptick in trading volume on Thursday. Approximately 928,180 shares changed hands during trading, an increase of 84% from the previous session’s volume of 505,115 shares. The stock last traded at $47.3150 and had previously closed at $47.24.

iShares Core 1-5 Year USD Bond ETF Trading Up 0.2%

The company has a 50 day moving average price of $47.64 and a 200 day moving average price of $48.02. The firm has a market cap of $5.26 billion, a PE ratio of 10.99 and a beta of 0.11.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were paid a $0.1772 dividend. This represents a $2.13 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Tuesday, September 1st. This is an increase from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.1743.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. State of Wisconsin Investment Board lifted its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 1.4% in 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 in the last quarter. SHP Wealth Management purchased a new stake in shares of iShares Core 1-5 Year USD Bond ETF in the fourth quarter valued at about $70,668,000. Apella Capital LLC grew its position in shares of iShares Core 1-5 Year USD Bond ETF by 35.4% in the third quarter. Apella Capital LLC now owns 1,469,742 shares of the company’s stock valued at $69,372,000 after purchasing an additional 384,056 shares during the last quarter. Financial Solutions Advisory Group Inc. acquired a new stake in shares of iShares Core 1-5 Year USD Bond ETF in the first quarter valued at approximately $57,365,000. Finally, Prosperity Planning Inc. grew its position in shares of iShares Core 1-5 Year USD Bond ETF by 6.0% in the third quarter. Prosperity Planning Inc. now owns 1,164,033 shares of the company’s stock valued at $55,001,000 after purchasing an additional 65,781 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.