iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Reaches New 52-Week Low – What’s Next?

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as $46.96 and last traded at $46.96, with a volume of 1138 shares. The stock had previously closed at $48.07.

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

The company has a market cap of $4.72 billion, a P/E ratio of 10.99 and a beta of 0.11. The firm’s 50 day moving average is $48.31 and its two-hundred day moving average is $48.58.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

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

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 the stock. Spire Wealth Management boosted its stake in shares of iShares Core 1-5 Year USD Bond ETF by 37.5% in the 4th quarter. Spire Wealth Management now owns 800 shares of the company’s stock valued at $39,000 after purchasing an additional 218 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of iShares Core 1-5 Year USD Bond ETF during the first quarter worth $44,000. Rossby Financial LCC raised its stake in iShares Core 1-5 Year USD Bond ETF by 41.7% during the fourth quarter. Rossby Financial LCC now owns 986 shares of the company’s stock worth $48,000 after buying an additional 290 shares during the last quarter. Strive Financial Group LLC bought a new position in iShares Core 1-5 Year USD Bond ETF during the fourth quarter worth $68,000. Finally, Rothschild Investment LLC lifted its holdings in iShares Core 1-5 Year USD Bond ETF by 41.8% in the third quarter. Rothschild Investment LLC now owns 1,695 shares of the company’s stock valued at $83,000 after buying an additional 500 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.