iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Reaches New 12-Month Low – Should You Sell?

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $47.88 and last traded at $47.89, with a volume of 18972 shares trading hands. The stock had previously closed at $48.03.

iShares Core 1-5 Year USD Bond ETF Trading Down 0.2%

The stock has a market capitalization of $5.10 billion, a P/E ratio of 10.99 and a beta of 0.11. The stock’s 50 day simple moving average is $48.12 and its 200 day simple moving average is $48.42.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.1713 per share. The ex-dividend date of this dividend was Wednesday, July 1st.

Hedge Funds Weigh In On iShares Core 1-5 Year USD Bond ETF

A number of hedge funds have recently bought and sold shares of the company. Acorns Advisers LLC raised its stake in iShares Core 1-5 Year USD Bond ETF by 5.1% during the fourth quarter. Acorns Advisers LLC now owns 11,554,781 shares of the company’s stock valued at $563,296,000 after buying an additional 562,194 shares in the last quarter. State of Wisconsin Investment Board raised its position in shares of iShares Core 1-5 Year USD Bond ETF by 1.4% during the 4th quarter. State of Wisconsin Investment Board now owns 5,312,625 shares of the company’s stock valued at $258,990,000 after acquiring an additional 71,400 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of iShares Core 1-5 Year USD Bond ETF by 5.2% during the 4th quarter. Raymond James Financial Inc. now owns 2,223,386 shares of the company’s stock valued at $108,390,000 after acquiring an additional 110,022 shares in the last quarter. SHP Wealth Management bought a new position in iShares Core 1-5 Year USD Bond ETF during the fourth quarter worth $70,668,000. Finally, Spinnaker Trust lifted its stake in iShares Core 1-5 Year USD Bond ETF by 2.9% during the fourth quarter. Spinnaker Trust now owns 1,384,279 shares of the company’s stock worth $67,484,000 after purchasing an additional 38,402 shares during the last quarter.

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.