iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) Sets New 52-Week Low – What’s Next?

iShares Core Total USD Bond Market ETF (NASDAQ:IUSB – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $44.09 and last traded at $44.17, with a volume of 8110291 shares. The stock had previously closed at $44.40.

iShares Core Total USD Bond Market ETF Trading Down 0.1%

The company has a market cap of $47.52 billion, a P/E ratio of 10.80 and a beta of 0.26. The business’s 50 day simple moving average is $45.19 and its 200 day simple moving average is $45.75.

iShares Core Total USD Bond Market ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were paid a $0.1680 dividend. This is a drop from iShares Core Total USD Bond Market ETF’s previous dividend of $0.1686. The ex-dividend date of this dividend was Tuesday, September 1st.

Institutional Inflows and Outflows

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

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.

Further Reading

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