Bank of New York Mellon Corp Purchases 38,114 Shares of iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB)

Bank of New York Mellon Corp increased its position in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) by 19.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 236,800 shares of the company’s stock after acquiring an additional 38,114 shares during the period. Bank of New York Mellon Corp owned about 0.25% of iShares Core 1-5 Year USD Bond ETF worth $11,449,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of ISTB. Envestnet Portfolio Solutions Inc. lifted its position in shares of iShares Core 1-5 Year USD Bond ETF by 31.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 26,225 shares of the company’s stock valued at $1,253,000 after acquiring an additional 6,282 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in iShares Core 1-5 Year USD Bond ETF by 5.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 244,090 shares of the company’s stock valued at $11,691,000 after buying an additional 11,986 shares during the last quarter. Samalin Investment Counsel LLC boosted its stake in iShares Core 1-5 Year USD Bond ETF by 3.3% during the fourth quarter. Samalin Investment Counsel LLC now owns 56,324 shares of the company’s stock valued at $2,691,000 after buying an additional 1,811 shares during the last quarter. LPL Financial LLC boosted its stake in iShares Core 1-5 Year USD Bond ETF by 15.8% during the fourth quarter. LPL Financial LLC now owns 655,534 shares of the company’s stock valued at $31,315,000 after buying an additional 89,607 shares during the last quarter. Finally, Hill Island Financial LLC boosted its stake in iShares Core 1-5 Year USD Bond ETF by 6.3% during the fourth quarter. Hill Island Financial LLC now owns 30,812 shares of the company’s stock valued at $1,472,000 after buying an additional 1,838 shares during the last quarter.

iShares Core 1-5 Year USD Bond ETF Price Performance

NASDAQ:ISTB opened at $48.45 on Monday. The firm has a market capitalization of $4.42 billion, a price-to-earnings ratio of 10.99 and a beta of 0.07. iShares Core 1-5 Year USD Bond ETF has a 1 year low of $47.57 and a 1 year high of $48.75. The business has a 50 day simple moving average of $48.31 and a 200-day simple moving average of $48.16.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, July 7th. Stockholders of record on Tuesday, July 1st were issued a $0.1681 dividend. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $2.02 dividend on an annualized basis and a dividend yield of 4.16%.

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.