iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Stake Cut by Alexander Randolph Advisory Inc.

Alexander Randolph Advisory Inc. decreased its holdings in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) by 1.5% in the third quarter, Holdings Channel reports. The firm owned 220,192 shares of the company’s stock after selling 3,420 shares during the period. iShares Core 1-5 Year USD Bond ETF comprises about 9.5% of Alexander Randolph Advisory Inc.’s portfolio, making the stock its 2nd largest position. Alexander Randolph Advisory Inc.’s holdings in iShares Core 1-5 Year USD Bond ETF were worth $10,719,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Koss Olinger Consulting LLC acquired a new stake in shares of iShares Core 1-5 Year USD Bond ETF during the second quarter worth $22,076,000. Boyd Wealth Management LLC acquired a new stake in iShares Core 1-5 Year USD Bond ETF during the 3rd quarter worth about $7,841,000. Values First Advisors Inc. acquired a new stake in iShares Core 1-5 Year USD Bond ETF during the 3rd quarter worth about $7,611,000. Raymond James Financial Services Advisors Inc. grew its stake in iShares Core 1-5 Year USD Bond ETF by 34.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 590,319 shares of the company’s stock valued at $27,963,000 after purchasing an additional 152,038 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 29.0% in the first quarter. Jane Street Group LLC now owns 523,578 shares of the company’s stock valued at $24,839,000 after purchasing an additional 117,604 shares during the period.

iShares Core 1-5 Year USD Bond ETF Stock Up 0.2 %

Shares of NASDAQ:ISTB traded up $0.09 during trading on Wednesday, hitting $47.86. The stock had a trading volume of 119,478 shares, compared to its average volume of 390,550. The stock has a 50-day simple moving average of $48.31 and a two-hundred day simple moving average of $47.84. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 16.72 and a beta of 0.07. iShares Core 1-5 Year USD Bond ETF has a 12-month low of $46.58 and a 12-month high of $48.75.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a dividend of $0.1594 per share. The ex-dividend date of this dividend was Friday, November 1st. This is a positive change from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.15. This represents a $1.91 dividend on an annualized basis and a yield of 4.00%.

iShares Core 1-5 Year USD Bond ETF 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.