Phillips Financial Management LLC Lowers Stock Holdings in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB)

Phillips Financial Management LLC lowered its position in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) by 25.6% during the 4th quarter, Holdings Channel reports. The firm owned 210,743 shares of the company’s stock after selling 72,353 shares during the quarter. Phillips Financial Management LLC’s holdings in iShares Core 1-5 Year USD Bond ETF were worth $10,067,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ISTB. Commonwealth Equity Services LLC increased its position in iShares Core 1-5 Year USD Bond ETF by 0.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 213,999 shares of the company’s stock valued at $10,223,000 after buying an additional 1,978 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in iShares Core 1-5 Year USD Bond ETF in the 4th quarter worth approximately $309,000. Independent Advisor Alliance purchased a new stake in iShares Core 1-5 Year USD Bond ETF during the 4th quarter worth approximately $263,000. Rialto Wealth Management LLC acquired a new position in iShares Core 1-5 Year USD Bond ETF during the 4th quarter valued at approximately $1,560,000. Finally, Destination Wealth Management raised its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 0.8% in the fourth quarter. Destination Wealth Management now owns 538,537 shares of the company’s stock worth $25,726,000 after buying an additional 4,132 shares during the last quarter.

iShares Core 1-5 Year USD Bond ETF Trading Down 0.1 %

Shares of NASDAQ ISTB opened at $48.11 on Thursday. The company has a 50 day simple moving average of $47.95 and a two-hundred day simple moving average of $48.08. iShares Core 1-5 Year USD Bond ETF has a 12 month low of $46.65 and a 12 month high of $48.75. The stock has a market cap of $4.28 billion, a price-to-earnings ratio of 10.95 and a beta of 0.07.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a $0.1568 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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.