iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sees Unusually-High Trading Volume Following Dividend Announcement

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) shares saw an uptick in trading volume on Monday following a dividend announcement from the company. 447,236 shares changed hands during trading, an increase of 9% from the previous session’s volume of 408,684 shares.The stock last traded at $47.85 and had previously closed at $48.03.

The newly announced dividend which will be paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd will be paid a $0.1632 dividend. The ex-dividend date is Monday, February 3rd.

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

The company has a market cap of $4.26 billion, a PE ratio of 16.72 and a beta of 0.07. The firm has a fifty day simple moving average of $47.85 and a 200-day simple moving average of $48.07.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. FMR LLC grew its position in shares of iShares Core 1-5 Year USD Bond ETF by 556.1% during the third quarter. FMR LLC now owns 2,841 shares of the company’s stock worth $138,000 after acquiring an additional 2,408 shares during the last quarter. Stifel Financial Corp grew its position in iShares Core 1-5 Year USD Bond ETF by 23.0% during the 3rd quarter. Stifel Financial Corp now owns 29,089 shares of the company’s stock worth $1,416,000 after purchasing an additional 5,435 shares during the last quarter. HB Wealth Management LLC grew its position in iShares Core 1-5 Year USD Bond ETF by 3.3% during the 4th quarter. HB Wealth Management LLC now owns 13,242 shares of the company’s stock worth $633,000 after purchasing an additional 423 shares during the last quarter. JPMorgan Chase & Co. increased its stake in iShares Core 1-5 Year USD Bond ETF by 1.1% in the third quarter. JPMorgan Chase & Co. now owns 700,762 shares of the company’s stock valued at $34,113,000 after purchasing an additional 7,741 shares during the period. Finally, Investment Advisory Group LLC boosted its stake in shares of iShares Core 1-5 Year USD Bond ETF by 1.8% during the third quarter. Investment Advisory Group LLC now owns 47,202 shares of the company’s stock worth $2,298,000 after buying an additional 819 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.