Founders Financial Securities LLC Sells 50,918 Shares of iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB)

Founders Financial Securities LLC lessened its holdings in shares of iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) by 15.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 273,817 shares of the company’s stock after selling 50,918 shares during the period. iShares Core 1-5 Year USD Bond ETF accounts for about 1.4% of Founders Financial Securities LLC’s portfolio, making the stock its 16th largest position. Founders Financial Securities LLC owned 0.32% of iShares Core 1-5 Year USD Bond ETF worth $12,990,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Spinnaker Trust grew its position in shares of iShares Core 1-5 Year USD Bond ETF by 3,449.7% during the 4th quarter. Spinnaker Trust now owns 1,210,386 shares of the company’s stock worth $57,566,000 after buying an additional 1,176,288 shares during the period. Raymond James & Associates grew its stake in shares of iShares Core 1-5 Year USD Bond ETF by 7.6% during the fourth quarter. Raymond James & Associates now owns 1,161,463 shares of the company’s stock worth $55,239,000 after purchasing an additional 82,192 shares during the period. Townsend & Associates Inc grew its stake in shares of iShares Core 1-5 Year USD Bond ETF by 81.0% during the fourth quarter. Townsend & Associates Inc now owns 924,206 shares of the company’s stock worth $43,854,000 after purchasing an additional 413,561 shares during the period. Cahaba Wealth Management Inc. increased its holdings in iShares Core 1-5 Year USD Bond ETF by 5.4% in the fourth quarter. Cahaba Wealth Management Inc. now owns 718,464 shares of the company’s stock valued at $34,170,000 after purchasing an additional 36,499 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in iShares Core 1-5 Year USD Bond ETF in the fourth quarter valued at about $26,964,000.

iShares Core 1-5 Year USD Bond ETF Price Performance

Shares of iShares Core 1-5 Year USD Bond ETF stock traded down $0.05 during trading on Friday, hitting $47.37. 351,224 shares of the company were exchanged, compared to its average volume of 438,928. The firm has a market capitalization of $4.06 billion, a P/E ratio of 16.72 and a beta of 0.07. The firm’s fifty day moving average price is $47.21 and its 200 day moving average price is $47.30. iShares Core 1-5 Year USD Bond ETF has a 1-year low of $45.37 and a 1-year high of $48.32.

iShares Core 1-5 Year USD Bond ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, June 7th. Investors of record on Monday, June 3rd were issued a dividend of $0.1497 per share. This represents a $1.80 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend was Monday, June 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.