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

iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) shares hit a new 52-week low during trading on Thursday . The company traded as low as $45.47 and last traded at $45.47, with a volume of 1185 shares changing hands. The stock had previously closed at $45.52.

iShares Core Total USD Bond Market ETF Stock Performance

The stock has a market capitalization of $42.80 billion, a P/E ratio of 10.80 and a beta of 0.26. The company’s fifty day simple moving average is $45.91 and its two-hundred day simple moving average is $46.28.

iShares Core Total USD Bond Market ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.164 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. This is an increase from iShares Core Total USD Bond Market ETF’s previous monthly dividend of $0.15. The ex-dividend date was Wednesday, July 1st.

Institutional Trading of iShares Core Total USD Bond Market ETF

Several hedge funds have recently added to or reduced their stakes in IUSB. AQR Capital Management LLC increased its position in iShares Core Total USD Bond Market ETF by 9.9% during the 1st quarter. AQR Capital Management LLC now owns 60,249 shares of the company’s stock worth $2,776,000 after buying an additional 5,416 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of iShares Core Total USD Bond Market ETF by 40.7% in the first quarter. Goldman Sachs Group Inc. now owns 191,332 shares of the company’s stock valued at $8,817,000 after acquiring an additional 55,360 shares during the period. M&T Bank Corp acquired a new position in shares of iShares Core Total USD Bond Market ETF in the second quarter valued at about $335,000. Brown Advisory Inc. bought a new position in iShares Core Total USD Bond Market ETF during the second quarter worth about $246,000. Finally, Qube Research & Technologies Ltd bought a new position in iShares Core Total USD Bond Market ETF during the second quarter worth about $167,000.

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.