Raymond James & Associates Has $56.96 Million Stock Holdings in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB)

Raymond James & Associates increased its stake in shares of iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) by 3.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,200,586 shares of the company’s stock after acquiring an additional 39,123 shares during the quarter. Raymond James & Associates’ holdings in iShares Core 1-5 Year USD Bond ETF were worth $56,956,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Opal Wealth Advisors LLC boosted its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 2.5% during the 4th quarter. Opal Wealth Advisors LLC now owns 435,864 shares of the company’s stock worth $20,730,000 after buying an additional 10,719 shares during the period. Signaturefd LLC acquired a new position in shares of iShares Core 1-5 Year USD Bond ETF during the 4th quarter worth approximately $63,000. Schmidt P J Investment Management Inc. boosted its position in shares of iShares Core 1-5 Year USD Bond ETF by 6.0% during the 4th quarter. Schmidt P J Investment Management Inc. now owns 5,292 shares of the company’s stock worth $252,000 after acquiring an additional 299 shares in the last quarter. Cahaba Wealth Management Inc. boosted its position in shares of iShares Core 1-5 Year USD Bond ETF by 5.4% during the 4th quarter. Cahaba Wealth Management Inc. now owns 718,464 shares of the company’s stock worth $34,170,000 after acquiring an additional 36,499 shares in the last quarter. Finally, Wealthfront Advisers LLC boosted its position in shares of iShares Core 1-5 Year USD Bond ETF by 8.3% during the 3rd quarter. Wealthfront Advisers LLC now owns 16,755 shares of the company’s stock worth $777,000 after acquiring an additional 1,277 shares in the last quarter.

iShares Core 1-5 Year USD Bond ETF Stock Performance

Shares of NASDAQ ISTB traded up $0.13 during trading hours on Friday, hitting $47.11. 631,821 shares of the stock were exchanged, compared to its average volume of 492,747. The company has a market cap of $4.04 billion, a PE ratio of 16.67 and a beta of 0.07. The company’s fifty day simple moving average is $47.18 and its two-hundred day simple moving average is $47.11. iShares Core 1-5 Year USD Bond ETF has a 1-year low of $45.37 and a 1-year high of $48.32.

iShares Core 1-5 Year USD Bond ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, May 7th. Investors of record on Thursday, May 2nd will be given a dividend of $0.1462 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.75 annualized dividend and a dividend yield of 3.72%.

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.