HB Wealth Management LLC Takes $651,000 Position in iShares Core 1-5 Year USD Bond ETF $ISTB

HB Wealth Management LLC purchased a new position in shares of iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 13,334 shares of the company’s stock, valued at approximately $651,000.

Several other institutional investors also recently modified their holdings of ISTB. CoreCap Advisors LLC raised its position in iShares Core 1-5 Year USD Bond ETF by 174.1% during the 3rd quarter. CoreCap Advisors LLC now owns 721 shares of the company’s stock worth $35,000 after purchasing an additional 458 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of iShares Core 1-5 Year USD Bond ETF in the second quarter valued at about $37,000. Assetmark Inc. raised its position in shares of iShares Core 1-5 Year USD Bond ETF by 1,394.0% during the second quarter. Assetmark Inc. now owns 1,748 shares of the company’s stock worth $85,000 after acquiring an additional 1,631 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of iShares Core 1-5 Year USD Bond ETF by 3,024.7% in the second quarter. Parallel Advisors LLC now owns 2,656 shares of the company’s stock worth $129,000 after acquiring an additional 2,571 shares during the period. Finally, Rice Partnership LLC bought a new stake in iShares Core 1-5 Year USD Bond ETF in the second quarter valued at approximately $185,000.

iShares Core 1-5 Year USD Bond ETF Stock Performance

NASDAQ:ISTB opened at $48.80 on Wednesday. iShares Core 1-5 Year USD Bond ETF has a fifty-two week low of $47.59 and a fifty-two week high of $48.99. The company has a 50 day simple moving average of $48.77 and a two-hundred day simple moving average of $48.72. The company has a market capitalization of $4.71 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 announced a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were paid a dividend of $0.1699 per share. This is a boost from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.17. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Friday, December 19th.

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.