Cahaba Wealth Management Inc. Raises Stake in iShares Core 1-5 Year USD Bond ETF $ISTB

Cahaba Wealth Management Inc. grew its holdings in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) by 4.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 997,635 shares of the company’s stock after purchasing an additional 46,350 shares during the quarter. iShares Core 1-5 Year USD Bond ETF makes up 3.5% of Cahaba Wealth Management Inc.’s portfolio, making the stock its 7th biggest position. Cahaba Wealth Management Inc. owned 1.06% of iShares Core 1-5 Year USD Bond ETF worth $48,724,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ieq Capital LLC purchased a new stake in iShares Core 1-5 Year USD Bond ETF during the first quarter worth $532,000. MAI Capital Management lifted its stake in shares of iShares Core 1-5 Year USD Bond ETF by 6.3% during 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 during the last quarter. Royal Bank of Canada boosted its position in iShares Core 1-5 Year USD Bond ETF by 40.2% during the first quarter. Royal Bank of Canada now owns 852,021 shares of the company’s stock valued at $41,195,000 after purchasing an additional 244,395 shares in the last quarter. Focus Partners Advisor Solutions LLC grew its stake in iShares Core 1-5 Year USD Bond ETF by 61.5% in the first 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 during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in 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 purchasing an additional 12,326 shares in the last quarter.

iShares Core 1-5 Year USD Bond ETF Stock Performance

ISTB stock opened at $48.74 on Friday. iShares Core 1-5 Year USD Bond ETF has a one year low of $47.57 and a one year high of $48.99. The firm has a market cap of $4.63 billion, a price-to-earnings ratio of 10.99 and a beta of 0.11. The firm has a 50-day simple moving average of $48.80 and a two-hundred day simple moving average of $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 issued a $0.1699 dividend. This is an increase from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.17. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Friday, December 19th.

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.