iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sees Unusually-High Trading Volume After Dividend Announcement

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

iShares Core 1-5 Year USD Bond ETF Stock Performance

The company has a market cap of $4.29 billion, a PE ratio of 10.96 and a beta of 0.07. The company’s 50-day simple moving average is $48.08 and its 200 day simple moving average is $48.05.

Institutional Investors Weigh In On iShares Core 1-5 Year USD Bond ETF

Several large investors have recently bought and sold shares of ISTB. FMR LLC grew its position in shares of iShares Core 1-5 Year USD Bond ETF by 556.1% during the third quarter. FMR LLC now owns 2,841 shares of the company’s stock worth $138,000 after buying an additional 2,408 shares in the last quarter. Stifel Financial Corp increased its position in shares of iShares Core 1-5 Year USD Bond ETF by 23.0% in the 3rd quarter. Stifel Financial Corp now owns 29,089 shares of the company’s stock valued at $1,416,000 after purchasing an additional 5,435 shares during the last quarter. LPL Financial LLC raised its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 15.8% in the 4th quarter. LPL Financial LLC now owns 655,534 shares of the company’s stock valued at $31,315,000 after purchasing an additional 89,607 shares in the last quarter. HB Wealth Management LLC raised its holdings 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 valued at $633,000 after purchasing an additional 423 shares in the last quarter. Finally, Truist Financial Corp lifted its position in shares of iShares Core 1-5 Year USD Bond ETF by 41.7% during the 4th quarter. Truist Financial Corp now owns 17,358 shares of the company’s stock worth $829,000 after purchasing an additional 5,104 shares during the last quarter.

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.