Truist Financial Corp Increases Stake in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB)

Truist Financial Corp lifted its stake in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) by 41.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,358 shares of the company’s stock after purchasing an additional 5,104 shares during the quarter. Truist Financial Corp’s holdings in iShares Core 1-5 Year USD Bond ETF were worth $829,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ISTB. Spinnaker Trust grew 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 acquiring an additional 210,364 shares during the period. Fiduciary Advisors Inc. acquired a new stake in iShares Core 1-5 Year USD Bond ETF in the 4th quarter valued at $7,913,000. Life Planning Partners Inc acquired a new stake in iShares Core 1-5 Year USD Bond ETF in the 4th quarter valued at $5,493,000. Wealth Management Resources Inc. grew its stake in iShares Core 1-5 Year USD Bond ETF by 43.9% in the 4th quarter. Wealth Management Resources Inc. now owns 296,477 shares of the company’s stock valued at $14,163,000 after acquiring an additional 90,506 shares during the period. Finally, Boyd Wealth Management LLC grew its stake in iShares Core 1-5 Year USD Bond ETF by 51.5% in the 4th quarter. Boyd Wealth Management LLC now owns 244,111 shares of the company’s stock valued at $11,661,000 after acquiring an additional 83,031 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 $48.33 on Friday. The company’s fifty day moving average price is $47.87 and its 200 day moving average price is $48.08. iShares Core 1-5 Year USD Bond ETF has a 1 year low of $46.65 and a 1 year high of $48.75. The stock has a market capitalization of $4.30 billion, a P/E ratio of 16.46 and a beta of 0.07.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.1632 per share. The ex-dividend date of this dividend was Monday, February 3rd.

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.