iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Hits New 12-Month Low – Time to Sell?

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $48.03 and last traded at $48.04, with a volume of 163581 shares changing hands. The stock had previously closed at $48.17.

iShares Core 1-5 Year USD Bond ETF Trading Down 0.3%

The stock has a 50-day simple moving average of $48.34 and a 200-day simple moving average of $48.61. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of 10.99 and a beta of 0.11.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were issued 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.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Spire Wealth Management grew its stake in shares of iShares Core 1-5 Year USD Bond ETF by 37.5% in the fourth quarter. Spire Wealth Management now owns 800 shares of the company’s stock worth $39,000 after purchasing an additional 218 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in shares of iShares Core 1-5 Year USD Bond ETF in the first quarter worth $44,000. Rossby Financial LCC grew its stake in shares of iShares Core 1-5 Year USD Bond ETF by 41.7% in the fourth quarter. Rossby Financial LCC now owns 986 shares of the company’s stock worth $48,000 after purchasing an additional 290 shares in the last quarter. Strive Financial Group LLC bought a new position in shares of iShares Core 1-5 Year USD Bond ETF in the fourth quarter worth $68,000. Finally, Rothschild Investment LLC grew its stake in shares of 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 worth $83,000 after purchasing an additional 500 shares in the last quarter.

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.