Northwestern Mutual Wealth Management Co. Acquires 21,559 Shares of iShares Core 1-5 Year USD Bond ETF $ISTB

Northwestern Mutual Wealth Management Co. lifted its holdings in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) by 139.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 36,985 shares of the company’s stock after purchasing an additional 21,559 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares Core 1-5 Year USD Bond ETF were worth $1,653,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Allworth Financial LP lifted its position in shares of iShares Core 1-5 Year USD Bond ETF by 3.5% in the fourth quarter. Allworth Financial LP now owns 71,043 shares of the company’s stock worth $3,463,000 after purchasing an additional 2,431 shares in the last quarter. Alexander Randolph Advisory Inc. lifted its position in shares of iShares Core 1-5 Year USD Bond ETF by 3.7% in the fourth quarter. Alexander Randolph Advisory Inc. now owns 295,510 shares of the company’s stock worth $14,406,000 after purchasing an additional 10,541 shares in the last quarter. Buttonwood Financial Advisors Inc. lifted its position in shares of iShares Core 1-5 Year USD Bond ETF by 7.1% in the fourth quarter. Buttonwood Financial Advisors Inc. now owns 281,339 shares of the company’s stock worth $13,715,000 after purchasing an additional 18,577 shares in the last quarter. Washington Trust Bank lifted its position in shares of iShares Core 1-5 Year USD Bond ETF by 96.4% in the fourth quarter. Washington Trust Bank now owns 57,752 shares of the company’s stock worth $2,815,000 after purchasing an additional 28,348 shares in the last quarter. Finally, LJI Wealth Management LLC lifted its position in shares of iShares Core 1-5 Year USD Bond ETF by 1.6% in the fourth quarter. LJI Wealth Management LLC now owns 22,561 shares of the company’s stock worth $1,100,000 after purchasing an additional 357 shares in the last quarter.

iShares Core 1-5 Year USD Bond ETF Stock Up 0.0%

Shares of ISTB stock opened at $48.29 on Thursday. The company’s fifty day simple moving average is $48.37 and its 200-day simple moving average is $48.63. The firm has a market cap of $4.73 billion, a PE ratio of 10.99 and a beta of 0.11. iShares Core 1-5 Year USD Bond ETF has a 12 month low of $48.03 and a 12 month high of $49.05.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were given a $0.1722 dividend. 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.

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.