Spinnaker Trust Has $63.01 Million Position in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB)

Spinnaker Trust increased its holdings in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) by 3.8% during the third quarter, Holdings Channel reports. The firm owned 1,294,406 shares of the company’s stock after acquiring an additional 47,921 shares during the quarter. iShares Core 1-5 Year USD Bond ETF makes up 3.9% of Spinnaker Trust’s portfolio, making the stock its 6th biggest holding. Spinnaker Trust’s holdings in iShares Core 1-5 Year USD Bond ETF were worth $63,012,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ISTB. Cahaba Wealth Management Inc. grew its stake in shares of iShares Core 1-5 Year USD Bond ETF by 4.5% in the 3rd quarter. Cahaba Wealth Management Inc. now owns 882,203 shares of the company’s stock worth $42,946,000 after buying an additional 38,141 shares in the last quarter. Prosperity Planning Inc. increased its position in iShares Core 1-5 Year USD Bond ETF by 1.1% during the third quarter. Prosperity Planning Inc. now owns 744,693 shares of the company’s stock valued at $36,252,000 after acquiring an additional 8,285 shares during the last quarter. MBL Wealth LLC lifted its stake in iShares Core 1-5 Year USD Bond ETF by 2.6% in the second quarter. MBL Wealth LLC now owns 678,022 shares of the company’s stock worth $32,118,000 after purchasing an additional 16,989 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of 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 buying an additional 152,038 shares during the period. Finally, Jane Street Group LLC increased its stake in iShares Core 1-5 Year USD Bond ETF by 29.0% in the first quarter. Jane Street Group LLC now owns 523,578 shares of the company’s stock worth $24,839,000 after purchasing an additional 117,604 shares during the period.

iShares Core 1-5 Year USD Bond ETF Trading Down 0.3 %

Shares of ISTB traded down $0.12 during trading hours on Wednesday, reaching $47.79. 35,455 shares of the company traded hands, compared to its average volume of 390,984. The stock’s fifty day moving average price is $48.36 and its 200 day moving average price is $47.81. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 16.72 and a beta of 0.07. iShares Core 1-5 Year USD Bond ETF has a 12-month low of $46.35 and a 12-month high of $48.75.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st will be given a $0.1594 dividend. This represents a $1.91 annualized dividend and a yield of 4.00%. This is a boost from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date is Friday, November 1st.

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.