Miracle Mile Advisors LLC Has $885,000 Stock Position in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB)

Miracle Mile Advisors LLC reduced its position in shares of iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) by 11.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,527 shares of the company’s stock after selling 2,328 shares during the period. Miracle Mile Advisors LLC’s holdings in iShares Core 1-5 Year USD Bond ETF were worth $885,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC increased its position in iShares Core 1-5 Year USD Bond ETF by 556.1% in the 3rd quarter. FMR LLC now owns 2,841 shares of the company’s stock worth $138,000 after buying an additional 2,408 shares during the period. Stifel Financial Corp increased its position in iShares Core 1-5 Year USD Bond ETF by 23.0% during the third quarter. Stifel Financial Corp now owns 29,089 shares of the company’s stock worth $1,416,000 after acquiring an additional 5,435 shares during the period. NewEdge Advisors LLC increased its position in iShares Core 1-5 Year USD Bond ETF by 26.7% during the second quarter. NewEdge Advisors LLC now owns 28,857 shares of the company’s stock worth $1,367,000 after acquiring an additional 6,090 shares during the period. Thrivent Financial for Lutherans raised its stake in iShares Core 1-5 Year USD Bond ETF by 8.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 218,033 shares of the company’s stock valued at $10,328,000 after purchasing an additional 16,622 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in iShares Core 1-5 Year USD Bond ETF by 1.1% in the 3rd 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.

iShares Core 1-5 Year USD Bond ETF Stock Performance

NASDAQ:ISTB opened at $47.80 on Thursday. The firm’s 50-day moving average is $47.84 and its 200-day moving average is $48.03. iShares Core 1-5 Year USD Bond ETF has a 52-week low of $46.65 and a 52-week high of $48.75. The company has a market cap of $4.24 billion, a price-to-earnings ratio of 16.72 and a beta of 0.07.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were paid a dividend of $0.1587 per share. The ex-dividend date was Wednesday, December 18th. This represents a $1.90 annualized dividend and a yield of 3.98%.

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.