Fortress Financial Group LLC Invests $493,000 in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB)

Fortress Financial Group LLC purchased a new stake in shares of iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,329 shares of the company’s stock, valued at approximately $493,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ISTB. Spinnaker Trust raised its stake in shares of iShares Core 1-5 Year USD Bond ETF by 16.3% during the 4th quarter. Spinnaker Trust now owns 1,504,770 shares of the company’s stock valued at $71,883,000 after buying an additional 210,364 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of iShares Core 1-5 Year USD Bond ETF in the fourth quarter valued at approximately $9,491,000. Fiduciary Advisors Inc. purchased a new position in iShares Core 1-5 Year USD Bond ETF in the 4th quarter valued at $7,913,000. Boyd Wealth Management LLC acquired a new position in iShares Core 1-5 Year USD Bond ETF during the third quarter worth about $7,841,000. Finally, Life Planning Partners Inc acquired a new position in shares of iShares Core 1-5 Year USD Bond ETF during the 4th quarter worth approximately $5,493,000.

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

Shares of NASDAQ:ISTB opened at $48.22 on Friday. iShares Core 1-5 Year USD Bond ETF has a 52-week low of $46.65 and a 52-week high of $48.75. The business has a fifty day moving average of $47.86 and a two-hundred day moving average of $48.08. The stock has a market cap of $4.29 billion, a P/E ratio of 16.46 and a beta of 0.07.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were given a $0.1632 dividend. The ex-dividend date of this dividend was Monday, February 3rd.

iShares Core 1-5 Year USD Bond ETF 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.