Beacon Financial Advisory LLC Sells 224 Shares of iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB)

Beacon Financial Advisory LLC trimmed its holdings in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) by 1.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 15,706 shares of the company’s stock after selling 224 shares during the quarter. Beacon Financial Advisory LLC’s holdings in iShares Core 1-5 Year USD Bond ETF were worth $765,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Spinnaker Trust increased its stake in iShares Core 1-5 Year USD Bond ETF by 0.7% in the 2nd quarter. Spinnaker Trust now owns 1,246,485 shares of the company’s stock worth $59,046,000 after acquiring an additional 9,105 shares during the last quarter. Cahaba Wealth Management Inc. raised its stake in 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 valued at $42,946,000 after purchasing an additional 38,141 shares in the last quarter. Prosperity Planning Inc. grew its stake 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 worth $36,252,000 after buying an additional 8,285 shares in the last quarter. MBL Wealth LLC raised its position in shares of iShares Core 1-5 Year USD Bond ETF by 2.6% during the 2nd quarter. MBL Wealth LLC now owns 678,022 shares of the company’s stock valued at $32,118,000 after buying an additional 16,989 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in iShares Core 1-5 Year USD Bond ETF by 34.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 590,319 shares of the company’s stock worth $27,963,000 after acquiring an additional 152,038 shares in the last quarter.

iShares Core 1-5 Year USD Bond ETF Stock Performance

Shares of iShares Core 1-5 Year USD Bond ETF stock opened at $47.91 on Wednesday. The stock has a 50 day moving average price of $48.36 and a 200-day moving average price of $47.81. iShares Core 1-5 Year USD Bond ETF has a one year low of $46.35 and a one year high of $48.75. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 16.72 and a beta of 0.07.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st will be paid a $0.1594 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.91 annualized dividend and a dividend yield of 3.99%. This is an increase from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.15.

About iShares Core 1-5 Year USD Bond ETF

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.