iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) Sets New 12-Month Low – Here’s Why

iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $45.32 and last traded at $45.37, with a volume of 175357 shares trading hands. The stock had previously closed at $45.39.

iShares Core Total USD Bond Market ETF Stock Up 0.0%

The business has a fifty day moving average of $45.77 and a 200 day moving average of $46.15. The company has a market cap of $42.99 billion, a P/E ratio of 10.80 and a beta of 0.26.

iShares Core Total USD Bond Market ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were issued a $0.1686 dividend. The ex-dividend date was Monday, August 3rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in IUSB. Johnson Financial Group Inc. lifted its position in iShares Core Total USD Bond Market ETF by 7,027.0% during the first quarter. Johnson Financial Group Inc. now owns 5,053,447 shares of the company’s stock valued at $233,419,000 after buying an additional 4,982,541 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in iShares Core Total USD Bond Market ETF by 35.1% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 16,937,298 shares of the company’s stock worth $781,656,000 after buying an additional 4,399,948 shares during the last quarter. Align Financial LLC bought a new position in iShares Core Total USD Bond Market ETF during the fourth quarter valued at approximately $132,644,000. Northwestern Mutual Wealth Management Co. lifted its holdings 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 during the period. Finally, Mariner LLC boosted its position in iShares Core Total USD Bond Market ETF by 15.1% in the fourth quarter. Mariner LLC now owns 16,120,286 shares of the company’s stock worth $750,239,000 after purchasing an additional 2,115,404 shares during the last quarter.

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.