iShares Core 1-5 Year USD Bond ETF $ISTB Stake Raised by Wealth Management Resources Inc.

Wealth Management Resources Inc. increased its stake in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) by 3.7% in the third quarter, HoldingsChannel.com reports. The firm owned 344,379 shares of the company’s stock after acquiring an additional 12,301 shares during the quarter. iShares Core 1-5 Year USD Bond ETF accounts for 5.4% of Wealth Management Resources Inc.’s portfolio, making the stock its 8th largest position. Wealth Management Resources Inc.’s holdings in iShares Core 1-5 Year USD Bond ETF were worth $16,819,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. MBL Wealth LLC grew its position in iShares Core 1-5 Year USD Bond ETF by 5.1% during the third quarter. MBL Wealth LLC now owns 746,513 shares of the company’s stock worth $36,460,000 after buying an additional 36,110 shares during the period. Sheets Smith Wealth Management grew its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 3.7% in the 3rd quarter. Sheets Smith Wealth Management now owns 28,010 shares of the company’s stock worth $1,368,000 after acquiring an additional 1,000 shares during the period. Quad Cities Investment Group LLC grew its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 3.3% in the 3rd quarter. Quad Cities Investment Group LLC now owns 20,748 shares of the company’s stock worth $1,013,000 after acquiring an additional 660 shares during the period. First PREMIER Bank increased its stake in iShares Core 1-5 Year USD Bond ETF by 5.6% in the 3rd quarter. First PREMIER Bank now owns 29,276 shares of the company’s stock valued at $1,430,000 after purchasing an additional 1,540 shares in the last quarter. Finally, McClarren Financial Advisors Inc. raised its holdings in iShares Core 1-5 Year USD Bond ETF by 2.6% during the third quarter. McClarren Financial Advisors Inc. now owns 63,376 shares of the company’s stock worth $3,183,000 after purchasing an additional 1,586 shares during the last quarter.

iShares Core 1-5 Year USD Bond ETF Stock Performance

ISTB opened at $48.74 on Friday. The company has a market cap of $4.63 billion, a price-to-earnings ratio of 10.99 and a beta of 0.11. iShares Core 1-5 Year USD Bond ETF has a one year low of $47.57 and a one year high of $48.99. The business’s fifty day moving average is $48.80 and its two-hundred day moving average is $48.69.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were paid a $0.1699 dividend. 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. This is a positive change from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.17.

iShares Core 1-5 Year USD Bond ETF 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.