Level Wealth Management LLC Takes $1.11 Million Position in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB)

Level Wealth Management LLC acquired a new position in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 23,257 shares of the company’s stock, valued at approximately $1,111,000. iShares Core 1-5 Year USD Bond ETF makes up approximately 0.8% of Level Wealth Management LLC’s investment portfolio, making the stock its 16th biggest holding.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. FMR LLC boosted its position in shares of 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 purchasing an additional 2,408 shares in the last quarter. Stifel Financial Corp boosted its holdings in iShares Core 1-5 Year USD Bond ETF by 23.0% in 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 in the last quarter. NewEdge Advisors LLC grew its stake in shares of iShares Core 1-5 Year USD Bond ETF by 26.7% in 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 last quarter. JPMorgan Chase & Co. increased its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 1.1% during the third quarter. JPMorgan Chase & Co. now owns 700,762 shares of the company’s stock valued at $34,113,000 after acquiring an additional 7,741 shares in the last quarter. Finally, HB Wealth Management LLC raised its position in shares of iShares Core 1-5 Year USD Bond ETF by 3.3% in 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.

iShares Core 1-5 Year USD Bond ETF Price Performance

Shares of iShares Core 1-5 Year USD Bond ETF stock opened at $48.03 on Friday. The stock has a market cap of $4.26 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 1 year low of $46.65 and a 1 year high of $48.75. The firm’s 50-day moving average is $47.86 and its 200 day moving average is $48.07.

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. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.1587 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend was Wednesday, December 18th.

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.