iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sets New 1-Year High – Should You Buy?

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) shares hit a new 52-week high on Tuesday . The stock traded as high as $49.51 and last traded at $49.51, with a volume of 556 shares. The stock had previously closed at $48.00.

iShares Core 1-5 Year USD Bond ETF Price Performance

The stock has a 50-day simple moving average of $48.06 and a 200-day simple moving average of $48.31. The stock has a market cap of $5.29 billion, a PE ratio of 10.99 and a beta of 0.11.

iShares Core 1-5 Year USD Bond ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.1743 per share. The ex-dividend date was Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

Hedge Funds Weigh In On iShares Core 1-5 Year USD Bond ETF

A number of hedge funds have recently made changes to their positions in ISTB. Concurrent Investment Advisors LLC boosted its position in iShares Core 1-5 Year USD Bond ETF by 4.8% during the 4th quarter. Concurrent Investment Advisors LLC now owns 4,530 shares of the company’s stock worth $221,000 after purchasing an additional 206 shares during the period. Evensky & Katz LLC raised its position in iShares Core 1-5 Year USD Bond ETF by 1.6% in the fourth quarter. Evensky & Katz LLC now owns 13,241 shares of the company’s stock valued at $646,000 after purchasing an additional 208 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in iShares Core 1-5 Year USD Bond ETF by 1.4% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 15,426 shares of the company’s stock valued at $753,000 after purchasing an additional 208 shares during the period. Centaurus Financial Inc. lifted its stake in shares of iShares Core 1-5 Year USD Bond ETF by 7.6% during the third quarter. Centaurus Financial Inc. now owns 3,759 shares of the company’s stock worth $184,000 after purchasing an additional 265 shares in the last quarter. Finally, Essex Financial Services Inc. boosted its position in shares of iShares Core 1-5 Year USD Bond ETF by 1.3% in the fourth quarter. Essex Financial Services Inc. now owns 21,350 shares of the company’s stock worth $1,041,000 after buying an additional 267 shares during the period.

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.