iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sees Large Volume Increase After Dividend Announcement

Shares of iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) saw strong trading volume on Monday after the company announced a dividend. 2,780,194 shares changed hands during trading, an increase of 639% from the previous session’s volume of 376,425 shares.The stock last traded at $48.34 and had previously closed at $48.32.

The newly announced dividend which will be paid on Friday, April 4th. Investors of record on Tuesday, April 1st will be issued a $0.166 dividend. This is an increase from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.16. The ex-dividend date is Tuesday, April 1st. This represents a $1.99 dividend on an annualized basis and a dividend yield of 4.13%.

iShares Core 1-5 Year USD Bond ETF Stock Down 0.0 %

The firm has a market capitalization of $4.29 billion, a PE ratio of 10.96 and a beta of 0.07. The stock’s fifty day simple moving average is $48.08 and its 200 day simple moving average is $48.05.

Institutional Investors Weigh In On iShares Core 1-5 Year USD Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Golden State Wealth Management LLC purchased a new position in iShares Core 1-5 Year USD Bond ETF during the fourth quarter valued at $32,000. Ameriflex Group Inc. purchased a new position in shares of iShares Core 1-5 Year USD Bond ETF during the 4th quarter valued at about $34,000. BNP Paribas Financial Markets bought a new position in shares of iShares Core 1-5 Year USD Bond ETF during the 4th quarter valued at approximately $46,000. Burkett Financial Services LLC increased its holdings in iShares Core 1-5 Year USD Bond ETF by 56.3% in the 4th quarter. Burkett Financial Services LLC now owns 994 shares of the company’s stock worth $47,000 after acquiring an additional 358 shares in the last quarter. Finally, Crews Bank & Trust bought a new stake in iShares Core 1-5 Year USD Bond ETF during the 4th quarter worth approximately $90,000.

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.