Summit Financial LLC Decreases Stock Position in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB)

Summit Financial LLC reduced its holdings in shares of iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) by 71.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,382 shares of the company’s stock after selling 16,211 shares during the quarter. Summit Financial LLC’s holdings in iShares Core 1-5 Year USD Bond ETF were worth $305,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of iShares Core 1-5 Year USD Bond ETF in the fourth quarter valued at about $90,759,000. Spinnaker Trust lifted its stake in iShares Core 1-5 Year USD Bond ETF by 16.3% in the 4th quarter. Spinnaker Trust now owns 1,504,770 shares of the company’s stock valued at $71,883,000 after buying an additional 210,364 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in iShares Core 1-5 Year USD Bond ETF during the 4th quarter valued at $9,491,000. Fiduciary Advisors Inc. acquired a new stake in iShares Core 1-5 Year USD Bond ETF during the 4th quarter valued at $7,913,000. Finally, Clune & Associates LTD. purchased a new position in iShares Core 1-5 Year USD Bond ETF during the fourth quarter worth $6,481,000.

iShares Core 1-5 Year USD Bond ETF Stock Up 0.3 %

ISTB opened at $48.39 on Friday. The business’s fifty day simple moving average is $48.09 and its 200 day simple moving average is $48.05. 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 firm has a market cap of $4.27 billion, a P/E ratio of 10.96 and a beta of 0.07.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.166 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This is an increase from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.16. This represents a $1.99 dividend on an annualized basis and a dividend yield of 4.12%.

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.