iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) Reaches New 12-Month Low – Time to Sell?

by · The Cerbat Gem

iShares Core Total USD Bond Market ETF (NASDAQ:IUSB – Get Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as $45.09 and last traded at $45.09, with a volume of 729829 shares trading hands. The stock had previously closed at $45.21.

iShares Core Total USD Bond Market ETF Trading Down 0.2%

The company’s 50 day moving average price is $45.56 and its 200 day moving average price is $46.00. The company has a market cap of $42.74 billion, a price-to-earnings ratio of 10.80 and a beta of 0.26.

iShares Core Total USD Bond Market ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were paid a $0.168 dividend. The ex-dividend date of this dividend was Tuesday, September 1st.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN increased its position in iShares Core Total USD Bond Market ETF by 2.9% during the 4th quarter. Wells Fargo & Company MN now owns 47,946,578 shares of the company’s stock worth $2,231,434,000 after purchasing an additional 1,331,490 shares in the last quarter. LPL Financial LLC lifted its stake 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 valued at $2,117,917,000 after purchasing an additional 966,130 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in iShares Core Total USD Bond Market ETF by 10.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 33,421,651 shares of the company’s stock worth $1,542,409,000 after buying an additional 3,083,604 shares during the period. Morgan Stanley boosted its position in iShares Core Total USD Bond Market ETF by 8.5% during the 4th quarter. Morgan Stanley now owns 24,700,344 shares of the company’s stock worth $1,149,554,000 after purchasing an additional 1,931,838 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its position in iShares Core Total USD Bond Market ETF by 35.1% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 16,937,298 shares of the company’s stock valued at $781,656,000 after purchasing an additional 4,399,948 shares during the period.

About iShares Core Total USD Bond Market ETF

(Get Free Report)

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.

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