iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sees Large Volume Increase – What’s Next?

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) shares saw an uptick in trading volume on Friday . 1,448,924 shares traded hands during mid-day trading, an increase of 159% from the previous session’s volume of 559,735 shares.The stock last traded at $48.7550 and had previously closed at $48.76.

iShares Core 1-5 Year USD Bond ETF Price Performance

The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of 10.99 and a beta of 0.11. The firm has a 50 day moving average price of $48.77 and a 200-day moving average price of $48.73.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were paid a $0.1699 dividend. This is an increase 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 was Friday, December 19th.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. CoreCap Advisors LLC grew its stake in shares of iShares Core 1-5 Year USD Bond ETF by 174.1% during the third quarter. CoreCap Advisors LLC now owns 721 shares of the company’s stock worth $35,000 after purchasing an additional 458 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of iShares Core 1-5 Year USD Bond ETF during the 2nd quarter worth about $37,000. Spire Wealth Management increased its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 37.5% in the 4th quarter. Spire Wealth Management now owns 800 shares of the company’s stock valued at $39,000 after acquiring an additional 218 shares during the last quarter. Rothschild Investment LLC raised its position in shares of iShares Core 1-5 Year USD Bond ETF by 41.8% during the 3rd quarter. Rothschild Investment LLC now owns 1,695 shares of the company’s stock worth $83,000 after acquiring an additional 500 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in 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 purchasing an additional 1,631 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.