iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Hits New 52-Week High – Should You Buy?

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $48.99 and last traded at $48.9750, with a volume of 162999 shares traded. The stock had previously closed at $48.92.

iShares Core 1-5 Year USD Bond ETF Price Performance

The business has a fifty day moving average of $48.79 and a 200 day moving average of $48.79. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 10.99 and a beta of 0.11.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were given a $0.1724 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.2%. This is an increase from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.17.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Acorns Advisers LLC raised its holdings in iShares Core 1-5 Year USD Bond ETF by 7.8% in the 3rd quarter. Acorns Advisers LLC now owns 10,992,587 shares of the company’s stock valued at $536,878,000 after acquiring an additional 793,589 shares during the last quarter. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of iShares Core 1-5 Year USD Bond ETF in the third quarter valued at $20,591,000. Apella Capital LLC lifted its position in iShares Core 1-5 Year USD Bond ETF by 81.2% during the third quarter. Apella Capital LLC now owns 707,670 shares of the company’s stock worth $34,648,000 after buying an additional 317,066 shares during the period. Boyd Wealth Management LLC purchased a new position in iShares Core 1-5 Year USD Bond ETF during the fourth quarter worth about $13,198,000. Finally, Ballast Financial Advisors LLC acquired a new stake in iShares Core 1-5 Year USD Bond ETF in the 4th quarter worth about $10,391,000.

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.