Pines Wealth Management LLC Buys New Shares in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB)

Pines Wealth Management LLC purchased a new stake in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 65,518 shares of the company’s stock, valued at approximately $2,933,000. iShares Core Total USD Bond Market ETF accounts for about 1.3% of Pines Wealth Management LLC’s investment portfolio, making the stock its 17th largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its stake in iShares Core Total USD Bond Market ETF by 39.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,548 shares of the company’s stock worth $450,000 after buying an additional 2,682 shares in the last quarter. Creative Planning boosted its position in shares of iShares Core Total USD Bond Market ETF by 8.0% during the 3rd quarter. Creative Planning now owns 54,714 shares of the company’s stock valued at $2,578,000 after acquiring an additional 4,037 shares in the last quarter. Alternative Investment Advisors LLC. acquired a new stake in shares of iShares Core Total USD Bond Market ETF during the 2nd quarter valued at about $1,995,000. RFG Advisory LLC increased its stake in iShares Core Total USD Bond Market ETF by 14.8% in the third quarter. RFG Advisory LLC now owns 466,345 shares of the company’s stock valued at $21,974,000 after acquiring an additional 60,166 shares during the period. Finally, Beaird Harris Wealth Management LLC raised its position in iShares Core Total USD Bond Market ETF by 168.4% in the third quarter. Beaird Harris Wealth Management LLC now owns 942 shares of the company’s stock worth $44,000 after purchasing an additional 591 shares in the last quarter.

iShares Core Total USD Bond Market ETF Stock Up 0.1 %

NASDAQ IUSB opened at $44.75 on Wednesday. iShares Core Total USD Bond Market ETF has a 1-year low of $44.21 and a 1-year high of $47.44. The stock’s 50 day moving average is $45.53 and its two-hundred day moving average is $46.06.

iShares Core Total USD Bond Market ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were paid a $0.1605 dividend. This is a positive change from iShares Core Total USD Bond Market ETF’s previous monthly dividend of $0.16. The ex-dividend date was Wednesday, December 18th. This represents a $1.93 annualized dividend and a yield of 4.30%.

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.