Raymond James Financial Inc. Takes $90.76 Million Position in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB)

Raymond James Financial Inc. purchased a new position in shares of iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,899,924 shares of the company’s stock, valued at approximately $90,759,000. Raymond James Financial Inc. owned about 2.14% of iShares Core 1-5 Year USD Bond ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Leavell Investment Management Inc. raised its position in iShares Core 1-5 Year USD Bond ETF by 4.3% during the 3rd quarter. Leavell Investment Management Inc. now owns 12,184 shares of the company’s stock valued at $593,000 after purchasing an additional 500 shares in the last quarter. Sheets Smith Wealth Management increased its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 8.5% in the 3rd quarter. Sheets Smith Wealth Management now owns 21,130 shares of the company’s stock valued at $1,029,000 after acquiring an additional 1,655 shares during the period. Mach 1 Financial Group LLC purchased a new position in iShares Core 1-5 Year USD Bond ETF during the 3rd quarter worth $208,000. Ashton Thomas Private Wealth LLC grew its stake in iShares Core 1-5 Year USD Bond ETF by 3.7% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 9,169 shares of the company’s stock worth $446,000 after buying an additional 326 shares during the last quarter. Finally, Aptus Capital Advisors LLC purchased a new position in iShares Core 1-5 Year USD Bond ETF during the 3rd quarter worth $1,356,000.

iShares Core 1-5 Year USD Bond ETF Price Performance

Shares of ISTB stock opened at $48.14 on Monday. 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’s fifty day moving average price is $47.92 and its 200 day moving average price is $48.08. The company has a market cap of $4.28 billion, a price-to-earnings ratio of 10.95 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, March 6th. Investors of record on Monday, March 3rd were paid a dividend of $0.1568 per share. The ex-dividend date of this dividend was Monday, March 3rd.

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.