Zhang Financial LLC Makes New $298,000 Investment in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB)

Zhang Financial LLC acquired a new stake in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,228 shares of the company’s stock, valued at approximately $298,000.

Several other institutional investors have also recently added to or reduced their stakes in ISTB. Spinnaker Trust increased its stake in iShares Core 1-5 Year USD Bond ETF by 3.8% in the third quarter. Spinnaker Trust now owns 1,294,406 shares of the company’s stock valued at $63,012,000 after purchasing an additional 47,921 shares during the last quarter. Townsend & Associates Inc boosted its stake in iShares Core 1-5 Year USD Bond ETF by 3.7% in the third quarter. Townsend & Associates Inc now owns 1,005,279 shares of the company’s stock valued at $48,334,000 after acquiring an additional 35,675 shares in the last quarter. Cahaba Wealth Management Inc. grew its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 4.5% during the third quarter. Cahaba Wealth Management Inc. now owns 882,203 shares of the company’s stock worth $42,946,000 after purchasing an additional 38,141 shares during the last quarter. Prosperity Planning Inc. lifted its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 1.1% in the 3rd quarter. Prosperity Planning Inc. now owns 744,693 shares of the company’s stock valued at $36,252,000 after purchasing an additional 8,285 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of iShares Core 1-5 Year USD Bond ETF by 1.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 700,762 shares of the company’s stock valued at $34,113,000 after purchasing an additional 7,741 shares during the period.

iShares Core 1-5 Year USD Bond ETF Stock Performance

Shares of NASDAQ ISTB opened at $47.86 on Tuesday. The stock has a market cap of $4.25 billion, a P/E ratio of 16.72 and a beta of 0.07. The stock has a 50 day moving average of $47.84 and a two-hundred day moving average of $48.05. iShares Core 1-5 Year USD Bond ETF has a twelve month low of $46.65 and a twelve month high of $48.75.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were paid a dividend of $0.1587 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $1.90 annualized dividend and a dividend yield of 3.98%.

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.