iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sets New 1-Year Low – Here’s Why

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB)’s stock price reached a new 52-week low on Thursday . The company traded as low as $47.90 and last traded at $47.91, with a volume of 32947 shares traded. The stock had previously closed at $47.96.

iShares Core 1-5 Year USD Bond ETF Price Performance

The firm has a market cap of $5.07 billion, a PE ratio of 10.99 and a beta of 0.11. The company has a 50 day simple moving average of $48.15 and a 200-day simple moving average of $48.46.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were issued a $0.1713 dividend. The ex-dividend date was Wednesday, July 1st.

Institutional Investors Weigh In On iShares Core 1-5 Year USD Bond ETF

A number of institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its stake in iShares Core 1-5 Year USD Bond ETF by 100.9% in the first quarter. Goldman Sachs Group Inc. now owns 165,118 shares of the company’s stock worth $7,983,000 after purchasing an additional 82,911 shares during the last quarter. Jane Street Group LLC bought a new position in shares of iShares Core 1-5 Year USD Bond ETF during the first quarter valued at about $1,681,000. NewEdge Advisors LLC grew its stake in shares of iShares Core 1-5 Year USD Bond ETF by 13.4% during the second quarter. NewEdge Advisors LLC now owns 57,776 shares of the company’s stock valued at $2,811,000 after buying an additional 6,809 shares during the last quarter. Betterment LLC grew its stake in shares of iShares Core 1-5 Year USD Bond ETF by 6.8% during the second quarter. Betterment LLC now owns 39,922 shares of the company’s stock valued at $1,942,000 after buying an additional 2,550 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 60.0% in the second quarter. Ameriprise Financial Inc. now owns 513,291 shares of the company’s stock worth $24,979,000 after buying an additional 192,418 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.