iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) Stock Price Cross Below 50-Day Moving Average – Here’s Why

iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) shares passed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $44.74 and traded as low as $44.65. iShares Core Total USD Bond Market ETF shares last traded at $44.69, with a volume of 5,059,592 shares trading hands.

iShares Core Total USD Bond Market ETF Trading Down 0.2%

The stock has a market capitalization of $49.62 billion, a P/E ratio of 10.80 and a beta of 0.27. The stock’s 50 day simple moving average is $44.74 and its 200 day simple moving average is $45.82.

iShares Core Total USD Bond Market ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a $0.1544 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $1.85 annualized dividend and a dividend yield of 4.1%.

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

Large investors have recently modified their holdings of the stock. MGO One Seven LLC boosted its stake in iShares Core Total USD Bond Market ETF by 7.9% in the third quarter. MGO One Seven LLC now owns 1,294,589 shares of the company’s stock valued at $57,078,000 after acquiring an additional 95,142 shares during the period. Raleigh Capital Management Inc. grew its holdings in shares of iShares Core Total USD Bond Market ETF by 28.3% during the third quarter. Raleigh Capital Management Inc. now owns 30,517 shares of the company’s stock valued at $1,345,000 after purchasing an additional 6,738 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of iShares Core Total USD Bond Market ETF by 255.4% during the third quarter. International Assets Investment Management LLC now owns 63,561 shares of the company’s stock valued at $2,802,000 after purchasing an additional 45,677 shares during the last quarter. Partners Wealth Management LLC acquired a new stake in shares of iShares Core Total USD Bond Market ETF during the 3rd quarter worth approximately $343,000. Finally, Soltis Investment Advisors LLC acquired a new stake in shares of iShares Core Total USD Bond Market ETF during the 3rd quarter worth approximately $632,000.

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.