Destination Wealth Management Buys 23,912 Shares of iShares Core Total USD Bond Market ETF $IUSB

Destination Wealth Management raised its stake in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 2.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 954,445 shares of the company’s stock after acquiring an additional 23,912 shares during the period. iShares Core Total USD Bond Market ETF makes up 1.2% of Destination Wealth Management’s portfolio, making the stock its 26th biggest position. Destination Wealth Management owned approximately 0.13% of iShares Core Total USD Bond Market ETF worth $44,582,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Team Financial Group LLC boosted its stake in iShares Core Total USD Bond Market ETF by 54.4% in the 3rd quarter. Team Financial Group LLC now owns 619 shares of the company’s stock worth $29,000 after purchasing an additional 218 shares in the last quarter. Chapman Financial Group LLC bought a new stake in iShares Core Total USD Bond Market ETF during the 3rd quarter valued at about $31,000. Collier Financial bought a new stake in iShares Core Total USD Bond Market ETF during the 3rd quarter valued at about $32,000. Richardson Capital Management LLC purchased a new position in iShares Core Total USD Bond Market ETF in the third quarter worth about $43,000. Finally, United Financial Planning Group LLC purchased a new position in iShares Core Total USD Bond Market ETF in the third quarter worth about $50,000.

iShares Core Total USD Bond Market ETF Stock Performance

Shares of NASDAQ IUSB opened at $46.17 on Monday. The firm’s 50 day moving average price is $46.72 and its 200-day moving average price is $46.72. iShares Core Total USD Bond Market ETF has a 52-week low of $44.74 and a 52-week high of $47.23. The company has a market cap of $34.72 billion, a PE ratio of 10.80 and a beta of 0.26.

iShares Core Total USD Bond Market ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a $0.1573 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.1%.

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.