Rialto Wealth Management LLC Invests $1.56 Million in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB)

Rialto Wealth Management LLC bought a new stake in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 32,650 shares of the company’s stock, valued at approximately $1,560,000.

A number of other large investors have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in iShares Core 1-5 Year USD Bond ETF during the 4th quarter worth $90,759,000. Spinnaker Trust boosted its stake in shares of iShares Core 1-5 Year USD Bond ETF by 16.3% during the fourth quarter. Spinnaker Trust now owns 1,504,770 shares of the company’s stock worth $71,883,000 after buying an additional 210,364 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of iShares Core 1-5 Year USD Bond ETF during the fourth quarter worth about $9,491,000. Fiduciary Advisors Inc. acquired a new position in iShares Core 1-5 Year USD Bond ETF in the 4th quarter valued at about $7,913,000. Finally, Life Planning Partners Inc purchased a new stake in iShares Core 1-5 Year USD Bond ETF during the 4th quarter valued at approximately $5,493,000.

iShares Core 1-5 Year USD Bond ETF Stock Performance

iShares Core 1-5 Year USD Bond ETF stock opened at $48.14 on Friday. The stock has a 50 day moving average of $47.92 and a two-hundred day moving average of $48.08. iShares Core 1-5 Year USD Bond ETF has a twelve month low of $46.65 and a twelve month high of $48.75. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of 16.46 and a beta of 0.07.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a dividend of $0.1568 per share. The ex-dividend date 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.