Grimes & Company Inc. Takes Position in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB)

Grimes & Company Inc. purchased a new stake in shares of iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 12,573 shares of the company’s stock, valued at approximately $601,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of Montreal Can lifted its stake in shares of iShares Core 1-5 Year USD Bond ETF by 3.4% in the 2nd quarter. Bank of Montreal Can now owns 193,646 shares of the company’s stock valued at $9,190,000 after purchasing an additional 6,372 shares during the last quarter. Squarepoint Ops LLC lifted its stake in shares of iShares Core 1-5 Year USD Bond ETF by 16.9% in the 2nd quarter. Squarepoint Ops LLC now owns 13,565 shares of the company’s stock valued at $643,000 after purchasing an additional 1,959 shares during the last quarter. Magnolia Capital Advisors LLC acquired a new stake in shares of iShares Core 1-5 Year USD Bond ETF in the 2nd quarter valued at $326,000. NewEdge Advisors LLC lifted its position in iShares Core 1-5 Year USD Bond ETF by 26.7% during the 2nd 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. Finally, Regal Investment Advisors LLC lifted its position in iShares Core 1-5 Year USD Bond ETF by 30.5% during the 2nd quarter. Regal Investment Advisors LLC now owns 5,621 shares of the company’s stock worth $266,000 after acquiring an additional 1,313 shares during the last quarter.

iShares Core 1-5 Year USD Bond ETF Price Performance

iShares Core 1-5 Year USD Bond ETF stock opened at $47.91 on Friday. The firm has a market cap of $4.25 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 fifty-two week low of $46.65 and a fifty-two week high of $48.75. The firm has a fifty day moving average price of $47.84 and a two-hundred day moving average price of $48.05.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were given a dividend of $0.1587 per share. This represents a $1.90 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date 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.