1,899,924 Shares in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,899,924 shares of the company’s stock, valued at approximately $90,759,000.

Several other hedge funds also recently added to or reduced their stakes in the business. LVZ Inc. grew its position in iShares Core 1-5 Year USD Bond ETF by 17.2% in the fourth quarter. LVZ Inc. now owns 9,020 shares of the company’s stock worth $431,000 after acquiring an additional 1,324 shares during the period. Keybank National Association OH purchased a new position in iShares Core 1-5 Year USD Bond ETF in the fourth quarter worth approximately $2,564,000. Charles Schwab Investment Management Inc. lifted its stake in iShares Core 1-5 Year USD Bond ETF by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,068,324 shares of the company’s stock worth $146,574,000 after purchasing an additional 11,280 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in iShares Core 1-5 Year USD Bond ETF by 11.3% during the fourth quarter. Jones Financial Companies Lllp now owns 690,202 shares of the company’s stock worth $32,971,000 after purchasing an additional 69,913 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in iShares Core 1-5 Year USD Bond ETF by 136.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,210 shares of the company’s stock worth $106,000 after purchasing an additional 1,277 shares in the last quarter.

iShares Core 1-5 Year USD Bond ETF Price Performance

NASDAQ:ISTB opened at $48.14 on Monday. The stock’s fifty day moving average is $47.92 and its two-hundred day moving average is $48.08. 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 stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of 10.95 and a beta of 0.07.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.1568 per share. The ex-dividend date was Monday, March 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.