iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Reaches New 12-Month Low – Should You Sell?

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $48.02 and last traded at $48.02, with a volume of 73269 shares traded. The stock had previously closed at $48.06.

iShares Core 1-5 Year USD Bond ETF Price Performance

The firm has a market cap of $5.05 billion, a price-to-earnings ratio of 10.99 and a beta of 0.11. The company has a fifty day moving average price of $48.20 and a two-hundred day moving average price of $48.50.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a $0.1713 dividend. The ex-dividend date was Wednesday, July 1st.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Sterling Investment Advisors LLC ADV grew its stake in shares of iShares Core 1-5 Year USD Bond ETF by 2.4% in the 2nd quarter. Sterling Investment Advisors LLC ADV now owns 144,939 shares of the company’s stock worth $6,993,000 after purchasing an additional 3,359 shares during the last quarter. Shrier Wealth Management LLC boosted its holdings in iShares Core 1-5 Year USD Bond ETF by 1.5% during the second quarter. Shrier Wealth Management LLC now owns 18,318 shares of the company’s stock worth $884,000 after buying an additional 274 shares in the last quarter. Wealthcare Capital Partners LLC bought a new stake in iShares Core 1-5 Year USD Bond ETF during the second quarter worth approximately $295,000. Corepath Wealth Partners LLC grew its position in iShares Core 1-5 Year USD Bond ETF by 4.7% in the second quarter. Corepath Wealth Partners LLC now owns 140,922 shares of the company’s stock worth $6,767,000 after buying an additional 6,333 shares during the last quarter. Finally, Affinity Capital Advisors LLC grew its position in iShares Core 1-5 Year USD Bond ETF by 7.8% in the second quarter. Affinity Capital Advisors LLC now owns 4,496 shares of the company’s stock worth $216,000 after buying an additional 325 shares during 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.