Essex Savings Bank Invests $261,000 in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB)

Essex Savings Bank bought a new position in shares of iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) in the fourth quarter, Holdings Channel reports. The institutional investor bought 5,470 shares of the company’s stock, valued at approximately $261,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Burkett Financial Services LLC increased its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 56.3% during the fourth quarter. Burkett Financial Services LLC now owns 994 shares of the company’s stock worth $47,000 after buying an additional 358 shares in the last quarter. Bogart Wealth LLC grew its position in iShares Core 1-5 Year USD Bond ETF by 40.7% during the 3rd quarter. Bogart Wealth LLC now owns 992 shares of the company’s stock worth $48,000 after acquiring an additional 287 shares during the last quarter. Security National Bank increased its holdings in iShares Core 1-5 Year USD Bond ETF by 31.0% during the 3rd quarter. Security National Bank now owns 2,559 shares of the company’s stock valued at $125,000 after purchasing an additional 606 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in iShares Core 1-5 Year USD Bond ETF during the 3rd quarter valued at $130,000. Finally, FMR LLC raised its position in iShares Core 1-5 Year USD Bond ETF by 556.1% in the 3rd quarter. FMR LLC now owns 2,841 shares of the company’s stock valued at $138,000 after purchasing an additional 2,408 shares during the last quarter.

iShares Core 1-5 Year USD Bond ETF Stock Performance

Shares of ISTB stock opened at $47.86 on Friday. iShares Core 1-5 Year USD Bond ETF has a 52 week low of $46.65 and a 52 week high of $48.75. The stock has a market capitalization of $4.25 billion, a PE ratio of 16.72 and a beta of 0.07. The stock’s fifty day moving average is $47.84 and its 200-day moving average is $48.03.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued 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 of this dividend 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.