iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) Hits New 52-Week Low – Here’s Why

iShares Core Total USD Bond Market ETF (NASDAQ:IUSB)’s stock price 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 traded. The stock had previously closed at $45.52.

iShares Core Total USD Bond Market ETF Stock Down 0.2%

The stock has a market cap of $42.63 billion, a P/E ratio of 10.80 and a beta of 0.26. The company’s 50 day moving average price is $45.92 and its two-hundred day moving average price is $46.29.

iShares Core Total USD Bond Market ETF Increases Dividend

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

Hedge Funds Weigh In On iShares Core Total USD Bond Market ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. 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 valued at $2,776,000 after purchasing an additional 5,416 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of iShares Core Total USD Bond Market ETF by 40.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 191,332 shares of the company’s stock worth $8,817,000 after purchasing an additional 55,360 shares during the period. M&T Bank Corp bought a new position in shares of iShares Core Total USD Bond Market ETF during the second quarter valued at approximately $335,000. Brown Advisory Inc. bought a new position in shares of iShares Core Total USD Bond Market ETF during the second quarter valued at approximately $246,000. Finally, Qube Research & Technologies Ltd purchased a new position in iShares Core Total USD Bond Market ETF during the second quarter valued at approximately $167,000.

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.