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

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) hit a new 52-week low on Tuesday . The stock traded as low as $48.06 and last traded at $48.08, with a volume of 23693 shares traded. The stock had previously closed at $48.13.

iShares Core 1-5 Year USD Bond ETF Stock Down 0.1%

The firm has a market cap of $4.71 billion, a P/E ratio of 10.99 and a beta of 0.11. The firm’s 50-day moving average price is $48.42 and its 200 day moving average price is $48.66.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were issued a dividend of $0.1722 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, May 1st.

Hedge Funds Weigh In On iShares Core 1-5 Year USD Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SHP Wealth Management acquired a new stake in iShares Core 1-5 Year USD Bond ETF in the 4th quarter valued at approximately $70,668,000. Acorns Advisers LLC grew its stake in shares of iShares Core 1-5 Year USD Bond ETF by 7.8% in the third quarter. Acorns Advisers LLC now owns 10,992,587 shares of the company’s stock worth $536,878,000 after purchasing an additional 793,589 shares in the last quarter. Boyd Wealth Management LLC acquired a new position in shares of iShares Core 1-5 Year USD Bond ETF during the fourth quarter valued at $13,198,000. Ballast Financial Advisors LLC acquired a new position in shares of iShares Core 1-5 Year USD Bond ETF during the fourth quarter valued at $10,391,000. Finally, JPMorgan Chase & Co. raised its stake in shares of iShares Core 1-5 Year USD Bond ETF by 24.6% during the fourth quarter. JPMorgan Chase & Co. now owns 1,071,154 shares of the company’s stock valued at $52,219,000 after purchasing an additional 211,271 shares in the last quarter.

About iShares Core 1-5 Year USD Bond ETF

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.