Cahaba Wealth Management Inc. Acquires 46,350 Shares of iShares Core 1-5 Year USD Bond ETF $ISTB

Cahaba Wealth Management Inc. raised its holdings in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) by 4.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 997,635 shares of the company’s stock after buying an additional 46,350 shares during the quarter. iShares Core 1-5 Year USD Bond ETF comprises 3.5% of Cahaba Wealth Management Inc.’s holdings, making the stock its 7th largest position. Cahaba Wealth Management Inc.’s holdings in iShares Core 1-5 Year USD Bond ETF were worth $48,724,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Ieq Capital LLC acquired a new position in shares of iShares Core 1-5 Year USD Bond ETF during the first quarter valued at about $532,000. MAI Capital Management boosted its stake in iShares Core 1-5 Year USD Bond ETF by 6.3% in the 1st quarter. MAI Capital Management now owns 13,550 shares of the company’s stock worth $655,000 after purchasing an additional 804 shares in the last quarter. Royal Bank of Canada grew its position in iShares Core 1-5 Year USD Bond ETF by 40.2% during the 1st quarter. Royal Bank of Canada now owns 852,021 shares of the company’s stock worth $41,195,000 after purchasing an additional 244,395 shares during the last quarter. Focus Partners Advisor Solutions LLC increased its stake in iShares Core 1-5 Year USD Bond ETF by 61.5% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 71,697 shares of the company’s stock valued at $3,467,000 after purchasing an additional 27,310 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 31.9% in the first quarter. NewEdge Advisors LLC now owns 50,967 shares of the company’s stock worth $2,464,000 after buying an additional 12,326 shares during the last quarter.

iShares Core 1-5 Year USD Bond ETF Price Performance

Shares of ISTB opened at $48.74 on Friday. The firm has a market capitalization of $4.63 billion, a PE ratio of 10.99 and a beta of 0.11. iShares Core 1-5 Year USD Bond ETF has a 1-year low of $47.57 and a 1-year high of $48.99. The company’s fifty day moving average price is $48.80 and its 200-day moving average price is $48.69.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were paid a dividend of $0.1699 per share. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date was Friday, December 19th. This is a boost from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.17.

About iShares Core 1-5 Year USD Bond ETF

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.