Spinnaker Trust Purchases 1,176,288 Shares of iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB)

Spinnaker Trust raised its position in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) by 3,449.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,210,386 shares of the company’s stock after buying an additional 1,176,288 shares during the period. iShares Core 1-5 Year USD Bond ETF comprises about 3.9% of Spinnaker Trust’s portfolio, making the stock its 5th largest holding. Spinnaker Trust owned approximately 1.37% of iShares Core 1-5 Year USD Bond ETF worth $57,566,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Nwam LLC raised its position in shares of iShares Core 1-5 Year USD Bond ETF by 1.0% during the 3rd quarter. Nwam LLC now owns 26,812 shares of the company’s stock valued at $1,244,000 after buying an additional 277 shares during the period. Schmidt P J Investment Management Inc. increased its position in shares of iShares Core 1-5 Year USD Bond ETF by 6.0% during the fourth quarter. Schmidt P J Investment Management Inc. now owns 5,292 shares of the company’s stock worth $252,000 after acquiring an additional 299 shares during the period. ORG Partners LLC increased its position in shares of iShares Core 1-5 Year USD Bond ETF by 68.0% during the fourth quarter. ORG Partners LLC now owns 776 shares of the company’s stock worth $37,000 after acquiring an additional 314 shares during the period. Institutional & Family Asset Management LLC increased its position in shares of iShares Core 1-5 Year USD Bond ETF by 0.7% during the third quarter. Institutional & Family Asset Management LLC now owns 47,486 shares of the company’s stock worth $2,202,000 after acquiring an additional 336 shares during the period. Finally, Park Avenue Securities LLC increased its position in shares of iShares Core 1-5 Year USD Bond ETF by 1.7% during the third quarter. Park Avenue Securities LLC now owns 20,788 shares of the company’s stock worth $964,000 after acquiring an additional 344 shares during the period.

iShares Core 1-5 Year USD Bond ETF Stock Performance

Shares of iShares Core 1-5 Year USD Bond ETF stock traded up $0.02 during trading hours on Friday, reaching $46.93. 197,590 shares of the company were exchanged, compared to its average volume of 499,109. iShares Core 1-5 Year USD Bond ETF has a 1 year low of $45.37 and a 1 year high of $48.32. The stock’s fifty day moving average is $47.21 and its 200 day moving average is $47.09. The firm has a market cap of $4.04 billion, a PE ratio of 16.67 and a beta of 0.07.

iShares Core 1-5 Year USD Bond ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were paid a dividend of $0.1504 per share. The ex-dividend date of this dividend was Monday, April 1st. This represents a $1.81 dividend on an annualized basis and a dividend yield of 3.85%.

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.