iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) Hits New 12-Month High – Here’s Why

iShares Core Total USD Bond Market ETF (NASDAQ:IUSB)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $47.05 and last traded at $47.03, with a volume of 8032986 shares. The stock had previously closed at $46.89.

iShares Core Total USD Bond Market ETF Stock Down 0.1%

The company has a 50-day moving average of $46.56 and a 200 day moving average of $46.01. The firm has a market capitalization of $33.40 billion, a PE ratio of 10.80 and a beta of 0.15.

iShares Core Total USD Bond Market ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were paid a $0.1668 dividend. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Wednesday, October 1st. This is an increase from iShares Core Total USD Bond Market ETF’s previous monthly dividend of $0.16.

Institutional Trading of iShares Core Total USD Bond Market ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Team Financial Group LLC grew its stake in shares of iShares Core Total USD Bond Market ETF by 54.4% in the 3rd quarter. Team Financial Group LLC now owns 619 shares of the company’s stock worth $29,000 after buying an additional 218 shares during the last quarter. Morris Financial Concepts Inc. grew its stake in shares of iShares Core Total USD Bond Market ETF by 1.2% in the 2nd quarter. Morris Financial Concepts Inc. now owns 20,711 shares of the company’s stock worth $957,000 after buying an additional 239 shares during the last quarter. Key Financial Inc grew its stake in shares of iShares Core Total USD Bond Market ETF by 30.2% in the 2nd quarter. Key Financial Inc now owns 1,185 shares of the company’s stock worth $55,000 after buying an additional 275 shares during the last quarter. AdvisorNet Financial Inc grew its stake in shares of iShares Core Total USD Bond Market ETF by 2.1% in the 2nd quarter. AdvisorNet Financial Inc now owns 15,263 shares of the company’s stock worth $706,000 after buying an additional 308 shares during the last quarter. Finally, Financial Sense Advisors Inc. grew its stake in shares of iShares Core Total USD Bond Market ETF by 6.2% in the 1st quarter. Financial Sense Advisors Inc. now owns 5,690 shares of the company’s stock worth $262,000 after buying an additional 331 shares during the last quarter.

iShares Core Total USD Bond Market ETF Company Profile

The iShares Core Total USD Bond Market ETF (IUSB) is an exchange-traded fund that is based on the Bloomberg U.S. Universal index. The fund tracks a broad Barclays index of USD-denominated taxable bonds. The index is market value weighted. IUSB was launched on Jun 10, 2014 and is managed by BlackRock.