SHP Wealth Management Buys Shares of 1,449,607 iShares Core 1-5 Year USD Bond ETF $ISTB

SHP Wealth Management purchased a new stake in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 1,449,607 shares of the company’s stock, valued at approximately $70,668,000. iShares Core 1-5 Year USD Bond ETF accounts for about 5.5% of SHP Wealth Management’s holdings, making the stock its 5th largest position.

Other hedge funds have also modified their holdings of the company. PFG Advisors purchased a new position in iShares Core 1-5 Year USD Bond ETF during the fourth quarter worth about $819,000. Cahaba Wealth Management Inc. increased its position in shares of iShares Core 1-5 Year USD Bond ETF by 6.7% during the fourth quarter. Cahaba Wealth Management Inc. now owns 1,064,566 shares of the company’s stock valued at $51,898,000 after acquiring an additional 66,931 shares during the last quarter. Bartlett & CO. Wealth Management LLC raised its stake in shares of iShares Core 1-5 Year USD Bond ETF by 31.9% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 556,170 shares of the company’s stock valued at $27,113,000 after acquiring an additional 134,574 shares during the period. Apella Capital LLC raised its stake in shares of iShares Core 1-5 Year USD Bond ETF by 15.1% in the 4th quarter. Apella Capital LLC now owns 814,422 shares of the company’s stock valued at $39,703,000 after acquiring an additional 106,752 shares during the period. Finally, Chatterton & Associates Inc. acquired a new position in shares of iShares Core 1-5 Year USD Bond ETF in the 4th quarter worth approximately $2,161,000.

iShares Core 1-5 Year USD Bond ETF Stock Performance

Shares of ISTB stock opened at $48.17 on Friday. The firm has a market cap of $4.72 billion, a P/E ratio of 10.99 and a beta of 0.11. The firm’s 50 day moving average price is $48.30 and its 200-day moving average price is $48.56. iShares Core 1-5 Year USD Bond ETF has a one year low of $48.02 and a one year high of $49.05.

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. Shareholders of record on Monday, June 1st were given a $0.172 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 4.3%.

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.