JPMorgan Chase & Co. Increases Stake in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB)

JPMorgan Chase & Co. increased its position in shares of iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) by 1.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 700,762 shares of the company’s stock after buying an additional 7,741 shares during the quarter. JPMorgan Chase & Co.’s holdings in iShares Core 1-5 Year USD Bond ETF were worth $34,113,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Spinnaker Trust boosted its holdings in iShares Core 1-5 Year USD Bond ETF by 3.8% in the 3rd quarter. Spinnaker Trust now owns 1,294,406 shares of the company’s stock worth $63,012,000 after buying an additional 47,921 shares during the last quarter. Townsend & Associates Inc grew its position in shares of iShares Core 1-5 Year USD Bond ETF by 3.7% in the third quarter. Townsend & Associates Inc now owns 1,005,279 shares of the company’s stock valued at $48,334,000 after purchasing an additional 35,675 shares in the last quarter. Cahaba Wealth Management Inc. boosted its position in shares of iShares Core 1-5 Year USD Bond ETF by 4.5% during the 3rd quarter. Cahaba Wealth Management Inc. now owns 882,203 shares of the company’s stock valued at $42,946,000 after acquiring an additional 38,141 shares during the last quarter. Prosperity Planning Inc. grew its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 1.1% in the third quarter. Prosperity Planning Inc. now owns 744,693 shares of the company’s stock valued at $36,252,000 after purchasing an additional 8,285 shares during the period. Finally, Destination Wealth Management boosted its holdings in iShares Core 1-5 Year USD Bond ETF by 2.9% in the 3rd quarter. Destination Wealth Management now owns 534,405 shares of the company’s stock valued at $26,015,000 after purchasing an additional 15,083 shares during the last quarter.

iShares Core 1-5 Year USD Bond ETF Stock Performance

Shares of iShares Core 1-5 Year USD Bond ETF stock opened at $47.74 on Tuesday. The stock has a 50 day moving average of $47.88 and a 200 day moving average of $48.02. The firm has a market capitalization of $4.21 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 fifty-two week low of $46.65 and a fifty-two week high of $48.75.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a $0.1587 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $1.90 annualized dividend and a yield of 3.99%.

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.