iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) Hits New 1-Year Low – Here’s Why

iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) hit a new 52-week low on Friday . The stock traded as low as $45.38 and last traded at $45.40, with a volume of 779615 shares changing hands. The stock had previously closed at $45.54.

iShares Core Total USD Bond Market ETF Price Performance

The company has a market capitalization of $42.91 billion, a price-to-earnings ratio of 10.80 and a beta of 0.26. The stock has a 50-day moving average price of $45.90 and a 200-day moving average price of $46.25.

iShares Core Total USD Bond Market ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a $0.164 dividend. This is a boost from iShares Core Total USD Bond Market ETF’s previous monthly dividend of $0.15. The ex-dividend date 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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Prime Capital Investment Advisors LLC lifted its holdings in shares of iShares Core Total USD Bond Market ETF by 633.5% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 33,227 shares of the company’s stock worth $1,546,000 after buying an additional 28,697 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its stake in shares of iShares Core Total USD Bond Market ETF by 107.0% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 40,417 shares of the company’s stock valued at $1,881,000 after acquiring an additional 20,889 shares in the last quarter. Jacobson & Schmitt Advisors LLC increased its position in iShares Core Total USD Bond Market ETF by 2.0% during the fourth quarter. Jacobson & Schmitt Advisors LLC now owns 779,202 shares of the company’s stock worth $36,264,000 after acquiring an additional 15,358 shares during the period. UNIVEST FINANCIAL Corp raised its stake in iShares Core Total USD Bond Market ETF by 19.7% in the 4th quarter. UNIVEST FINANCIAL Corp now owns 996,771 shares of the company’s stock worth $46,390,000 after purchasing an additional 163,853 shares in the last quarter. Finally, Valley National Advisers Inc. boosted its holdings in iShares Core Total USD Bond Market ETF by 169.9% in the 4th quarter. Valley National Advisers Inc. now owns 372,447 shares of the company’s stock valued at $17,333,000 after purchasing an additional 234,452 shares during the period.

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.