iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Reaches New 12-Month Low – Here’s Why

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $47.95 and last traded at $47.96, with a volume of 379640 shares traded. The stock had previously closed at $48.03.

iShares Core 1-5 Year USD Bond ETF Stock Up 0.1%

The firm has a market capitalization of $5.08 billion, a P/E ratio of 10.99 and a beta of 0.11. The business’s 50 day moving average is $48.17 and its two-hundred day moving average is $48.48.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The business 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 Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Spire Wealth Management boosted its stake in iShares Core 1-5 Year USD Bond ETF by 37.5% during 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 in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in shares of iShares Core 1-5 Year USD Bond ETF during the 1st quarter valued at $44,000. Rossby Financial LCC raised its stake in shares of iShares Core 1-5 Year USD Bond ETF by 41.7% in the 4th quarter. Rossby Financial LCC now owns 986 shares of the company’s stock worth $48,000 after buying an additional 290 shares in the last quarter. Strive Financial Group LLC bought a new stake in shares of iShares Core 1-5 Year USD Bond ETF in the 4th quarter worth $68,000. Finally, Dagco Inc. acquired a new stake in shares of iShares Core 1-5 Year USD Bond ETF in the fourth quarter valued at $97,000.

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.