MJP Associates Inc. ADV Purchases 10,481 Shares of iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB)

MJP Associates Inc. ADV boosted its position in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) by 10.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 113,712 shares of the company’s stock after purchasing an additional 10,481 shares during the period. iShares Core 1-5 Year USD Bond ETF comprises 1.1% of MJP Associates Inc. ADV’s investment portfolio, making the stock its 18th biggest position. MJP Associates Inc. ADV owned approximately 0.13% of iShares Core 1-5 Year USD Bond ETF worth $5,387,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ISTB. Quad Cities Investment Group LLC raised its stake in iShares Core 1-5 Year USD Bond ETF by 1.6% in the 1st quarter. Quad Cities Investment Group LLC now owns 16,460 shares of the company’s stock valued at $781,000 after acquiring an additional 263 shares during the period. Schmidt P J Investment Management Inc. raised its position in shares of iShares Core 1-5 Year USD Bond ETF by 6.0% in the fourth quarter. Schmidt P J Investment Management Inc. now owns 5,292 shares of the company’s stock valued at $252,000 after purchasing an additional 299 shares during the period. Hudson Capital Management LLC lifted its stake in shares of iShares Core 1-5 Year USD Bond ETF by 4.5% during the 1st quarter. Hudson Capital Management LLC now owns 7,256 shares of the company’s stock valued at $344,000 after buying an additional 312 shares in the last quarter. ORG Partners LLC boosted its holdings in iShares Core 1-5 Year USD Bond ETF by 68.0% in the 4th quarter. ORG Partners LLC now owns 776 shares of the company’s stock worth $37,000 after buying an additional 314 shares during the period. Finally, Maltin Wealth Management Inc. boosted its holdings in iShares Core 1-5 Year USD Bond ETF by 1.7% in the 1st quarter. Maltin Wealth Management Inc. now owns 19,215 shares of the company’s stock worth $912,000 after buying an additional 314 shares during the period.

iShares Core 1-5 Year USD Bond ETF Stock Performance

ISTB stock traded up $0.03 during midday trading on Friday, reaching $48.04. 207,035 shares of the company’s stock traded hands, compared to its average volume of 414,921. The firm has a market capitalization of $4.16 billion, a PE ratio of 16.72 and a beta of 0.07. The company has a 50-day moving average price of $47.58 and a two-hundred day moving average price of $47.36. iShares Core 1-5 Year USD Bond ETF has a 52 week low of $45.37 and a 52 week high of $48.32.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, August 6th. Shareholders of record on Thursday, August 1st were paid a $0.1549 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.86 annualized dividend and a yield of 3.87%. This is an increase from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.15.

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.