iShares Core 1-5 Year USD Bond ETF $ISTB Shares Purchased by Destination Wealth Management

Destination Wealth Management boosted its stake in shares of iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) by 5.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 612,783 shares of the company’s stock after purchasing an additional 32,589 shares during the quarter. Destination Wealth Management owned approximately 0.63% of iShares Core 1-5 Year USD Bond ETF worth $29,873,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ISTB. Acorns Advisers LLC lifted its position in iShares Core 1-5 Year USD Bond ETF by 5.1% during the 4th quarter. Acorns Advisers LLC now owns 11,554,781 shares of the company’s stock worth $563,296,000 after acquiring an additional 562,194 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 5.9% in the 3rd quarter. Raymond James Financial Inc. now owns 2,113,364 shares of the company’s stock valued at $103,217,000 after buying an additional 117,977 shares during the period. Spinnaker Trust lifted its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 2.9% in the 4th quarter. Spinnaker Trust now owns 1,384,279 shares of the company’s stock valued at $67,484,000 after buying an additional 38,402 shares during the period. Mariner LLC increased its stake in iShares Core 1-5 Year USD Bond ETF by 7.9% in the 3rd quarter. Mariner LLC now owns 1,248,030 shares of the company’s stock valued at $60,954,000 after purchasing an additional 91,459 shares in the last quarter. Finally, Townsend & Associates Inc increased its stake in iShares Core 1-5 Year USD Bond ETF by 1.5% in the 4th quarter. Townsend & Associates Inc now owns 1,166,721 shares of the company’s stock valued at $56,866,000 after purchasing an additional 17,652 shares in the last quarter.

iShares Core 1-5 Year USD Bond ETF Stock Performance

iShares Core 1-5 Year USD Bond ETF stock opened at $48.18 on Friday. The stock has a fifty day moving average of $48.31 and a two-hundred day moving average of $48.58. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 10.99 and a beta of 0.11. iShares Core 1-5 Year USD Bond ETF has a fifty-two week low of $48.02 and a fifty-two week high of $49.05.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were issued a $0.172 dividend. The ex-dividend date was Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 4.3%.

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.