iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sees Unusually-High Trading Volume After Dividend Announcement

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) shares saw strong trading volume on Monday following a dividend announcement from the company. 2,780,194 shares changed hands during trading, an increase of 639% from the previous session’s volume of 376,425 shares.The stock last traded at $48.34 and had previously closed at $48.32.

The newly announced dividend which will be paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.166 per share. The ex-dividend date is Tuesday, April 1st. This represents a $1.99 dividend on an annualized basis and a dividend yield of 4.13%. This is a boost from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.16.

iShares Core 1-5 Year USD Bond ETF Price Performance

The stock has a 50 day simple moving average of $48.08 and a two-hundred day simple moving average of $48.05. The company has a market cap of $4.29 billion, a PE ratio of 10.96 and a beta of 0.07.

Institutional Trading of iShares Core 1-5 Year USD Bond ETF

A number of large investors have recently bought and sold shares of ISTB. Wealth Enhancement Advisory Services LLC grew its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 42.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 60,541 shares of the company’s stock worth $2,892,000 after buying an additional 18,117 shares during the last quarter. Cim LLC lifted its position in iShares Core 1-5 Year USD Bond ETF by 3.3% during the 4th quarter. Cim LLC now owns 536,611 shares of the company’s stock worth $25,634,000 after acquiring an additional 17,172 shares during the period. Ameriflex Group Inc. purchased a new position in shares of iShares Core 1-5 Year USD Bond ETF in the 4th quarter valued at approximately $34,000. Focus Partners Advisor Solutions LLC increased its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 1.1% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 44,387 shares of the company’s stock valued at $2,120,000 after purchasing an additional 494 shares during the period. Finally, MJP Associates Inc. ADV raised its stake in shares of iShares Core 1-5 Year USD Bond ETF by 3.5% during the fourth quarter. MJP Associates Inc. ADV now owns 128,076 shares of the company’s stock worth $6,118,000 after purchasing an additional 4,339 shares during the last quarter.

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.