On September 26, 2023, it was reported that StrategIQ Financial Group LLC decreased its position in shares of iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) by 48.3% during the second quarter. This information was disclosed in the company’s most recent Form 13F filing with the Securities and Exchange Commission. The firm now holds 6,330 shares of ISTB after selling off 5,915 shares during the period. As of its latest filing with the Securities and Exchange Commission, StrategIQ Financial Group LLC’s holdings in iShares Core 1-5 Year USD Bond ETF were valued at $295,000.
For those interested in discovering which other hedge funds are also holding ISTB, HoldingsChannel.com provides access to the latest 13F filings and insider trades regarding iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB).
Additionally, it should be noted that iShares Core 1-5 Year USD Bond ETF recently declared a monthly dividend. Shareholders recorded on September 5th were given a dividend of $0.1153 per share on Friday, September 8th. The ex-dividend date for this dividend was observed on Friday, September 1st. This results in an annualized dividend amounting to $1.38 per share and a dividend yield of approximately 2.99%.
Investors who are interested in ISTB may find this update regarding StrategIQ Financial Group LLC’s reduced position in the bond exchange-traded fund useful to assess potential investment decisions moving forward.
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Institutional Investors and Hedge Funds Show Interest in iShares Core 1-5 Year USD Bond ETF (ISTB)
The iShares Core 1-5 Year USD Bond ETF (ISTB) has recently attracted the attention of several institutional investors and hedge funds, as they made changes to their positions in the company. In particular, Citigroup Inc. increased its stake in shares of ISTB by a staggering 85.5% during the first quarter of this year. This move saw Citigroup Inc. acquire an additional 253 shares, bringing their total ownership to 549 shares valued at $27,000.
Nelson Van Denburg & Campbell Wealth Management Group LLC also raised their holdings in ISTB during the first quarter, increasing it by 67.3%. This translated to an additional 334 shares, with a value of $40,000 for the company.
Meanwhile, HM Payson & Co., a renowned financial institution, decided to acquire a new position in ISTB during the same period. This strategic move was estimated to be worth approximately $40,000.
FMR LLC also demonstrated confidence in ISTB by significantly boosting its stake in the company during the first quarter. The investment management firm acquired an additional 1,032 shares, equivalent to a remarkable increase of 946.8%. FMR LLC now owns a total of 1,141 shares with a value of $54,000.
Lastly, Bartlett & Co. LLC joined the list of investors acquiring new stakes in ISTB during the second quarter of this year with a purchase worth $69,000.
Despite these fluctuations in investor positions and activities surrounding ISTB stock over recent months, the company’s opening price on Tuesday stood at $46.33. Analysis of its performance indicates that there has been little variation compared to its fifty-day and two-hundred-day simple moving averages which are currently at $46.56 and $46.82 respectively.
As one looks into what actually drives investors’ interest towards iShares Core 1-5 Year USD Bond ETF, it becomes evident that the fund’s focus lies primarily in broad credit fixed income investments. By tracking a diverse USD-denominated bond index with remaining maturities of 1-5 years, ISTB aims to provide investors with exposure to a comprehensive range of fixed income assets.
The ETF was launched on October 18, 2012 and has since been managed by BlackRock, a leading investment management firm known for its expertise in navigating the financial markets.
As the market continues to evolve and investors seek opportunities for diversification, ISTB remains poised to offer a strategic avenue for those looking to gain exposure to the broad credit fixed income market. With its seasoned management team and steady performance history, iShares Core 1-5 Year USD Bond ETF has definitely positioned itself as an attractive option within the investment landscape.
