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

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) shares saw unusually-strong trading volume on Monday following a dividend announcement from the company. Approximately 2,780,194 shares were traded 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. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.166 per share. This is a boost from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.16. This represents a $1.99 annualized dividend and a dividend yield of 4.13%. The ex-dividend date is Tuesday, April 1st.

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

The firm’s fifty day moving average price is $48.08 and its 200-day moving average price is $48.05. The firm has a market cap of $4.29 billion, a price-to-earnings ratio of 10.96 and a beta of 0.07.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 556.1% in the third quarter. FMR LLC now owns 2,841 shares of the company’s stock valued at $138,000 after acquiring an additional 2,408 shares during the period. Rockefeller Capital Management L.P. boosted its stake in iShares Core 1-5 Year USD Bond ETF by 0.3% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 90,848 shares of the company’s stock worth $4,422,000 after purchasing an additional 236 shares during the period. HighTower Advisors LLC grew its position in iShares Core 1-5 Year USD Bond ETF by 4.5% during the 3rd quarter. HighTower Advisors LLC now owns 274,619 shares of the company’s stock worth $13,361,000 after purchasing an additional 11,917 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in iShares Core 1-5 Year USD Bond ETF by 12.6% in the third quarter. Integrated Wealth Concepts LLC now owns 15,611 shares of the company’s stock valued at $760,000 after purchasing an additional 1,751 shares during the period. Finally, IHT Wealth Management LLC acquired a new stake in shares of iShares Core 1-5 Year USD Bond ETF during the third quarter worth about $210,000.

About iShares Core 1-5 Year USD Bond ETF

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.