Royal Bank of Canada Buys 324,754 Shares of iShares Core Total USD Bond Market ETF $IUSB

Royal Bank of Canada raised its stake in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 8.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 4,298,070 shares of the company’s stock after buying an additional 324,754 shares during the quarter. Royal Bank of Canada’s holdings in iShares Core Total USD Bond Market ETF were worth $198,529,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Gateway Wealth Partners LLC boosted its holdings in shares of iShares Core Total USD Bond Market ETF by 214.8% in the 1st quarter. Gateway Wealth Partners LLC now owns 495,031 shares of the company’s stock valued at $22,865,000 after buying an additional 337,770 shares in the last quarter. Waverly Advisors LLC raised its stake in shares of iShares Core Total USD Bond Market ETF by 9.5% during the 1st quarter. Waverly Advisors LLC now owns 81,959 shares of the company’s stock worth $3,786,000 after acquiring an additional 7,104 shares in the last quarter. Wealth Alliance LLC lifted its position in iShares Core Total USD Bond Market ETF by 17.5% during the first quarter. Wealth Alliance LLC now owns 562,117 shares of the company’s stock valued at $25,964,000 after acquiring an additional 83,678 shares during the last quarter. GC Wealth Management RIA LLC lifted its position in iShares Core Total USD Bond Market ETF by 36.2% during the first quarter. GC Wealth Management RIA LLC now owns 15,468 shares of the company’s stock valued at $714,000 after acquiring an additional 4,114 shares during the last quarter. Finally, Compound Planning Inc. lifted its position in iShares Core Total USD Bond Market ETF by 10.4% during the first quarter. Compound Planning Inc. now owns 633,452 shares of the company’s stock valued at $29,259,000 after acquiring an additional 59,455 shares during the last quarter.

iShares Core Total USD Bond Market ETF Stock Down 0.3%

Shares of IUSB opened at $45.51 on Thursday. The company has a 50 day moving average of $45.90 and a two-hundred day moving average of $46.26. iShares Core Total USD Bond Market ETF has a twelve month low of $45.38 and a twelve month high of $47.23. The company has a market cap of $42.93 billion, a price-to-earnings ratio of 10.80 and a beta of 0.26.

iShares Core Total USD Bond Market ETF Increases Dividend

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

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.