Studio Investment Management LLC Reduces Holdings in iShares Core 1-5 Year USD Bond ETF $ISTB

Studio Investment Management LLC lowered its position in shares of iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) by 24.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,730 shares of the company’s stock after selling 2,525 shares during the period. Studio Investment Management LLC’s holdings in iShares Core 1-5 Year USD Bond ETF were worth $376,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ISTB. Acorns Advisers LLC increased its stake in shares of iShares Core 1-5 Year USD Bond ETF by 1.8% in the first quarter. Acorns Advisers LLC now owns 10,922,893 shares of the company’s stock worth $528,122,000 after buying an additional 194,526 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of iShares Core 1-5 Year USD Bond ETF by 5.1% in the first quarter. Raymond James Financial Inc. now owns 1,996,862 shares of the company’s stock worth $96,548,000 after buying an additional 96,937 shares during the last quarter. Townsend & Associates Inc increased its stake in shares of iShares Core 1-5 Year USD Bond ETF by 1.6% in the second quarter. Townsend & Associates Inc now owns 1,110,526 shares of the company’s stock worth $53,861,000 after buying an additional 17,378 shares during the last quarter. Cahaba Wealth Management Inc. increased its stake in shares of iShares Core 1-5 Year USD Bond ETF by 4.4% in the first quarter. Cahaba Wealth Management Inc. now owns 965,759 shares of the company’s stock worth $46,694,000 after buying an additional 40,380 shares during the last quarter. Finally, Prosperity Planning Inc. increased its stake in shares of iShares Core 1-5 Year USD Bond ETF by 2.5% in the second quarter. Prosperity Planning Inc. now owns 855,558 shares of the company’s stock worth $41,623,000 after buying an additional 21,049 shares during the last quarter.

iShares Core 1-5 Year USD Bond ETF Trading Up 0.0%

Shares of NASDAQ:ISTB opened at $48.96 on Wednesday. The company has a fifty day simple moving average of $48.80 and a 200 day simple moving average of $48.49. The firm has a market cap of $4.60 billion, a PE ratio of 10.99 and a beta of 0.07. iShares Core 1-5 Year USD Bond ETF has a 12-month low of $47.57 and a 12-month high of $48.99.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were paid a $0.168 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Wednesday, October 1st.

About iShares Core 1-5 Year USD Bond ETF

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.