Cranbrook Wealth Management LLC Sells 6,245 Shares of iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB)

Cranbrook Wealth Management LLC reduced its position in shares of iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 166,542 shares of the company’s stock after selling 6,245 shares during the quarter. iShares Core 1-5 Year USD Bond ETF accounts for approximately 1.8% of Cranbrook Wealth Management LLC’s investment portfolio, making the stock its 12th biggest holding. Cranbrook Wealth Management LLC’s holdings in iShares Core 1-5 Year USD Bond ETF were worth $7,956,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ISTB. Burkett Financial Services LLC boosted its stake in shares of iShares Core 1-5 Year USD Bond ETF by 56.3% during 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 during the period. Bogart Wealth LLC lifted its holdings in iShares Core 1-5 Year USD Bond ETF by 40.7% during the 3rd quarter. Bogart Wealth LLC now owns 992 shares of the company’s stock valued at $48,000 after purchasing an additional 287 shares during the last quarter. Security National Bank boosted its position in iShares Core 1-5 Year USD Bond ETF by 31.0% during the third quarter. Security National Bank now owns 2,559 shares of the company’s stock worth $125,000 after purchasing an additional 606 shares during the period. Northwest Investment Counselors LLC acquired a new position in shares of iShares Core 1-5 Year USD Bond ETF in the third quarter valued at $130,000. Finally, FMR LLC raised its position 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 purchasing an additional 2,408 shares during the period.

iShares Core 1-5 Year USD Bond ETF Stock Performance

Shares of ISTB stock opened at $47.86 on Friday. 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 capitalization of $4.25 billion, a price-to-earnings ratio of 16.72 and a beta of 0.07. The company has a 50-day simple moving average of $47.84 and a 200 day simple moving average of $48.03.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The company also recently disclosed 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 3.98%. The ex-dividend date of this dividend was Wednesday, December 18th.

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.