Sax Wealth Advisors LLC Invests $2.75 Million in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB)

Sax Wealth Advisors LLC acquired a new stake in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 60,789 shares of the company’s stock, valued at approximately $2,748,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. LPL Financial LLC increased its holdings in iShares Core Total USD Bond Market ETF by 20.3% during the third quarter. LPL Financial LLC now owns 39,330,716 shares of the company’s stock worth $1,853,263,000 after buying an additional 6,632,679 shares during the last quarter. CWM LLC raised its holdings in shares of iShares Core Total USD Bond Market ETF by 19.5% in the 3rd quarter. CWM LLC now owns 21,325,421 shares of the company’s stock valued at $1,004,854,000 after purchasing an additional 3,483,112 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of iShares Core Total USD Bond Market ETF by 14.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,716,912 shares of the company’s stock valued at $976,181,000 after purchasing an additional 2,651,218 shares during the period. Park Avenue Securities LLC lifted its stake in iShares Core Total USD Bond Market ETF by 17.8% in the 3rd quarter. Park Avenue Securities LLC now owns 12,498,157 shares of the company’s stock valued at $588,913,000 after purchasing an additional 1,890,434 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in iShares Core Total USD Bond Market ETF by 18.1% during the third quarter. Janney Montgomery Scott LLC now owns 9,687,022 shares of the company’s stock worth $456,453,000 after buying an additional 1,484,171 shares during the last quarter.

iShares Core Total USD Bond Market ETF Stock Performance

NASDAQ:IUSB opened at $45.20 on Friday. iShares Core Total USD Bond Market ETF has a 12-month low of $44.21 and a 12-month high of $47.44. The stock’s 50 day moving average price is $45.50 and its two-hundred day moving average price is $46.05.

iShares Core Total USD Bond Market ETF Increases Dividend

The firm 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 represents a $1.93 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date of this dividend was Wednesday, December 18th. This is a boost from iShares Core Total USD Bond Market ETF’s previous monthly dividend of $0.16.

iShares Core Total USD Bond Market ETF 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.