iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sees Unusually-High Trading Volume – Still a Buy?

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) saw unusually-high trading volume on Wednesday . Approximately 911,738 shares changed hands during trading, an increase of 83% from the previous session’s volume of 499,522 shares.The stock last traded at $48.11 and had previously closed at $48.17.

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

The company has a market cap of $4.72 billion, a PE ratio of 10.99 and a beta of 0.11. The stock’s 50 day moving average is $48.34 and its 200-day moving average is $48.61.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were paid a $0.172 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 4.3%.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC raised its stake in shares of iShares Core 1-5 Year USD Bond ETF by 45.1% in the first quarter. NewEdge Advisors LLC now owns 65,868 shares of the company’s stock valued at $3,192,000 after acquiring an additional 20,485 shares during the period. Financial Solutions Advisory Group Inc. purchased a new stake in shares of iShares Core 1-5 Year USD Bond ETF in the first quarter valued at $57,365,000. TrueWealth Financial Partners purchased a new stake in shares of iShares Core 1-5 Year USD Bond ETF in the first quarter valued at $316,000. Rockbridge Investment Management LCC raised its stake in shares of iShares Core 1-5 Year USD Bond ETF by 0.9% in the first quarter. Rockbridge Investment Management LCC now owns 35,375 shares of the company’s stock valued at $1,714,000 after acquiring an additional 304 shares during the period. Finally, Cetera Investment Advisers raised its stake in shares of iShares Core 1-5 Year USD Bond ETF by 1.7% in the first quarter. Cetera Investment Advisers now owns 181,760 shares of the company’s stock valued at $8,808,000 after acquiring an additional 3,112 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.