iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) Reaches New 12-Month Low – Time to Sell?

iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) reached a new 52-week low during trading on Wednesday . The company traded as low as $45.09 and last traded at $45.09, with a volume of 729829 shares trading hands. The stock had previously closed at $45.21.

iShares Core Total USD Bond Market ETF Trading Down 0.2%

The company’s 50 day moving average price is $45.56 and its 200 day moving average price is $46.00. The company has a market cap of $42.74 billion, a price-to-earnings ratio of 10.80 and a beta of 0.26.

iShares Core Total USD Bond Market ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were paid a $0.168 dividend. The ex-dividend date of this dividend was Tuesday, September 1st.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN increased its position in iShares Core Total USD Bond Market ETF by 2.9% during the 4th quarter. Wells Fargo & Company MN now owns 47,946,578 shares of the company’s stock worth $2,231,434,000 after purchasing an additional 1,331,490 shares in the last quarter. LPL Financial LLC lifted its stake in shares of iShares Core Total USD Bond Market ETF by 2.2% in the 4th quarter. LPL Financial LLC now owns 45,507,455 shares of the company’s stock valued at $2,117,917,000 after purchasing an additional 966,130 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in iShares Core Total USD Bond Market ETF by 10.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 33,421,651 shares of the company’s stock worth $1,542,409,000 after buying an additional 3,083,604 shares during the period. Morgan Stanley boosted its position in iShares Core Total USD Bond Market ETF by 8.5% during the 4th quarter. Morgan Stanley now owns 24,700,344 shares of the company’s stock worth $1,149,554,000 after purchasing an additional 1,931,838 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its position in iShares Core Total USD Bond Market ETF by 35.1% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 16,937,298 shares of the company’s stock valued at $781,656,000 after purchasing an additional 4,399,948 shares during the period.

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.