iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sees Unusually-High Trading Volume Following Dividend Announcement

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) shares saw unusually-high trading volume on Wednesday following a dividend announcement from the company. Approximately 263,203 shares traded hands during trading, a decline of 46% from the previous session’s volume of 487,772 shares.The stock last traded at $46.79 and had previously closed at $46.92.

The newly announced dividend which will be paid on Tuesday, May 7th. Shareholders of record on Thursday, May 2nd will be given a dividend of $0.1462 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.75 dividend on an annualized basis and a yield of 3.73%.

iShares Core 1-5 Year USD Bond ETF Stock Up 0.3 %

The firm has a market capitalization of $4.03 billion, a P/E ratio of 16.67 and a beta of 0.07. The business’s 50 day moving average is $47.18 and its two-hundred day moving average is $47.11.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cape Investment Advisory Inc. bought a new stake in iShares Core 1-5 Year USD Bond ETF during the fourth quarter worth approximately $25,000. Wetzel Investment Advisors Inc. acquired a new position in shares of iShares Core 1-5 Year USD Bond ETF during the 4th quarter valued at $30,000. ORG Partners LLC raised its stake in shares of iShares Core 1-5 Year USD Bond ETF by 68.0% in the 4th quarter. ORG Partners LLC now owns 776 shares of the company’s stock worth $37,000 after buying an additional 314 shares in the last quarter. Pacifica Partners Inc. lifted its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 102.3% in the first quarter. Pacifica Partners Inc. now owns 1,038 shares of the company’s stock valued at $49,000 after buying an additional 525 shares during the period. Finally, JFS Wealth Advisors LLC acquired a new position in iShares Core 1-5 Year USD Bond ETF during the third quarter worth about $50,000.

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.