Independence Financial Advisors LLC Invests $13 Million in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB)

Independence Financial Advisors LLC bought a new position in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 268,805 shares of the company’s stock, valued at approximately $12,997,000. iShares Core 1-5 Year USD Bond ETF comprises 4.9% of Independence Financial Advisors LLC’s portfolio, making the stock its 4th biggest holding. Independence Financial Advisors LLC owned approximately 0.29% of iShares Core 1-5 Year USD Bond ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its position in iShares Core 1-5 Year USD Bond ETF by 9.4% during the 4th quarter. JPMorgan Chase & Co. now owns 766,731 shares of the company’s stock worth $36,627,000 after buying an additional 65,969 shares during the period. National Bank of Canada FI boosted its position in iShares Core 1-5 Year USD Bond ETF by 20.6% during the 4th quarter. National Bank of Canada FI now owns 16,959 shares of the company’s stock worth $810,000 after buying an additional 2,896 shares during the period. World Investment Advisors acquired a new stake in iShares Core 1-5 Year USD Bond ETF during the 4th quarter worth approximately $228,000. Wescott Financial Advisory Group LLC boosted its position in iShares Core 1-5 Year USD Bond ETF by 13.6% during the 4th quarter. Wescott Financial Advisory Group LLC now owns 172,389 shares of the company’s stock worth $8,235,000 after buying an additional 20,579 shares during the period. Finally, Wells Fargo & Company MN boosted its position in iShares Core 1-5 Year USD Bond ETF by 7.7% during the 4th quarter. Wells Fargo & Company MN now owns 598,274 shares of the company’s stock worth $28,580,000 after buying an additional 42,812 shares during the period.

iShares Core 1-5 Year USD Bond ETF Stock Performance

iShares Core 1-5 Year USD Bond ETF stock opened at $48.55 on Wednesday. iShares Core 1-5 Year USD Bond ETF has a 52-week low of $47.57 and a 52-week high of $48.75. The firm has a 50 day moving average price of $48.36 and a two-hundred day moving average price of $48.20. The firm has a market cap of $4.43 billion, a price-to-earnings ratio of 10.99 and a beta of 0.07.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, July 7th. Shareholders of record on Tuesday, July 1st were issued a dividend of $0.1681 per share. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $2.02 annualized dividend and a yield of 4.15%.

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.