Valmark Advisers Inc. Buys New Position in iShares Core 1-5 Year USD Bond ETF $ISTB

Valmark Advisers Inc. purchased a new stake in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) during the third quarter, HoldingsChannel.com reports. The fund purchased 60,792 shares of the company’s stock, valued at approximately $2,872,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Fifth Third Bancorp boosted its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 48.9% in the third quarter. Fifth Third Bancorp now owns 12,851 shares of the company’s stock valued at $607,000 after buying an additional 4,221 shares during the period. Three Bridge Wealth Advisors LLC bought a new stake in shares of iShares Core 1-5 Year USD Bond ETF during the third quarter worth $195,000. Turn8 Private Wealth Inc. increased its position in shares of iShares Core 1-5 Year USD Bond ETF by 18.2% during the third quarter. Turn8 Private Wealth Inc. now owns 59,293 shares of the company’s stock worth $2,802,000 after acquiring an additional 9,114 shares in the last quarter. Lido Advisors LLC bought a new stake in shares of iShares Core 1-5 Year USD Bond ETF during the third quarter worth $1,154,000. Finally, Keybank National Association OH acquired a new stake in shares of iShares Core 1-5 Year USD Bond ETF during the third quarter worth $12,729,000.

iShares Core 1-5 Year USD Bond ETF Stock Performance

Shares of NASDAQ:ISTB remained flat at $47.21 during midday trading on Friday. 430,125 shares of the company were exchanged, compared to its average volume of 523,755. The firm has a market cap of $5.33 billion, a price-to-earnings ratio of 10.99 and a beta of 0.12. iShares Core 1-5 Year USD Bond ETF has a fifty-two week low of $47.01 and a fifty-two week high of $49.05. The stock’s fifty day moving average price is $47.38 and its two-hundred day moving average price is $48.09.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were paid a $0.1777 dividend. This represents a $2.13 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Monday, November 2nd. This is a boost from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.1742.

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.