iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) Sets New 1-Year Low – Should You Sell?

Shares of iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $43.75 and last traded at $43.86, with a volume of 306424 shares changing hands. The stock had previously closed at $44.03.

iShares Core Total USD Bond Market ETF Price Performance

The business has a 50 day moving average of $45.07 and a 200 day moving average of $45.69. The firm has a market capitalization of $48.03 billion, a price-to-earnings ratio of 10.80 and a beta of 0.27.

iShares Core Total USD Bond Market ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were paid a $0.1544 dividend. This represents a $1.85 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Thursday, October 1st.

Institutional Investors Weigh In On iShares Core Total USD Bond Market ETF

Several large investors have recently modified their holdings of the business. JNBA Financial Advisors acquired a new position in iShares Core Total USD Bond Market ETF in the 2nd quarter worth $32,000. Hurley Capital LLC bought a new stake in shares of iShares Core Total USD Bond Market ETF in the fourth quarter valued at about $33,000. Advocate Investing Services LLC acquired a new position in shares of iShares Core Total USD Bond Market ETF during the first quarter worth about $42,000. Financial Freedom LLC bought a new position in shares of iShares Core Total USD Bond Market ETF during the first quarter worth about $45,000. Finally, Oakworth Capital Inc. bought a new position in shares of iShares Core Total USD Bond Market ETF during the second quarter worth about $54,000.

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.