Sheets Smith Wealth Management Raises Holdings in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB)

Sheets Smith Wealth Management raised its stake in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) by 16.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,450 shares of the company’s stock after purchasing an additional 3,460 shares during the period. Sheets Smith Wealth Management’s holdings in iShares Core 1-5 Year USD Bond ETF were worth $1,182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in ISTB. Bellwether Advisors LLC boosted its position in shares of iShares Core 1-5 Year USD Bond ETF by 0.8% in the 4th quarter. Bellwether Advisors LLC now owns 26,844 shares of the company’s stock valued at $1,282,000 after purchasing an additional 209 shares during the period. Ironwood Investment Counsel LLC lifted its stake in iShares Core 1-5 Year USD Bond ETF by 1.1% in the fourth quarter. Ironwood Investment Counsel LLC now owns 32,910 shares of the company’s stock valued at $1,572,000 after buying an additional 366 shares during the last quarter. SC&H Financial Advisors Inc. boosted its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 5.6% in the first quarter. SC&H Financial Advisors Inc. now owns 7,325 shares of the company’s stock valued at $354,000 after acquiring an additional 386 shares during the period. Baird Financial Group Inc. grew its position in shares of iShares Core 1-5 Year USD Bond ETF by 1.4% during the fourth quarter. Baird Financial Group Inc. now owns 31,140 shares of the company’s stock worth $1,488,000 after acquiring an additional 443 shares during the last quarter. Finally, Spectrum Wealth Counsel LLC increased its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 10.3% in the 4th quarter. Spectrum Wealth Counsel LLC now owns 4,796 shares of the company’s stock valued at $229,000 after acquiring an additional 448 shares during the period.

iShares Core 1-5 Year USD Bond ETF Price Performance

ISTB stock opened at $48.45 on Tuesday. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 10.99 and a beta of 0.07. The company has a fifty day moving average price of $48.25 and a 200 day moving average price of $48.07. iShares Core 1-5 Year USD Bond ETF has a 12 month low of $47.16 and a 12 month high of $48.75.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, June 2nd were issued a $0.1705 dividend. This represents a $2.05 dividend on an annualized basis and a dividend yield of 4.22%. This is a boost from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.16. The ex-dividend date was Monday, June 2nd.

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.