iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) Sets New 1-Year High – Time to Buy?

iShares Core Total USD Bond Market ETF (NASDAQ:IUSB)’s share price hit a new 52-week high on Friday . The company traded as high as $47.22 and last traded at $47.1950, with a volume of 368475 shares changing hands. The stock had previously closed at $47.12.

iShares Core Total USD Bond Market ETF Price Performance

The company has a market capitalization of $35.49 billion, a PE ratio of 10.80 and a beta of 0.26. The business has a 50-day moving average of $46.72 and a 200 day moving average of $46.69.

iShares Core Total USD Bond Market ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were paid a $0.165 dividend. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Monday, February 2nd. This is a positive change from iShares Core Total USD Bond Market ETF’s previous monthly dividend of $0.16.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of IUSB. Jones Financial Companies Lllp raised its stake in iShares Core Total USD Bond Market ETF by 6.9% during the third quarter. Jones Financial Companies Lllp now owns 71,364,109 shares of the company’s stock valued at $3,327,011,000 after purchasing an additional 4,589,650 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of iShares Core Total USD Bond Market ETF by 2.9% in the 4th quarter. Wells Fargo & Company MN now owns 47,946,578 shares of the company’s stock worth $2,231,434,000 after buying an additional 1,331,490 shares during the last quarter. LPL Financial LLC increased its holdings in shares of iShares Core Total USD Bond Market ETF by 2.2% in the 4th quarter. LPL Financial LLC now owns 45,507,455 shares of the company’s stock worth $2,117,917,000 after buying an additional 966,130 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of iShares Core Total USD Bond Market ETF by 8.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 28,622,754 shares of the company’s stock valued at $1,332,103,000 after buying an additional 2,324,731 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in shares of iShares Core Total USD Bond Market ETF by 8.5% in the 4th quarter. Morgan Stanley now owns 24,700,344 shares of the company’s stock valued at $1,149,554,000 after acquiring an additional 1,931,838 shares during the last quarter.

About iShares Core Total USD Bond Market ETF

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.