Sax Wealth Advisors LLC Acquires 60,659 Shares of iShares Core Total USD Bond Market ETF $IUSB

Sax Wealth Advisors LLC raised its holdings in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 55.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 169,427 shares of the company’s stock after purchasing an additional 60,659 shares during the quarter. Sax Wealth Advisors LLC’s holdings in iShares Core Total USD Bond Market ETF were worth $7,833,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Envestnet Asset Management Inc. raised its position in iShares Core Total USD Bond Market ETF by 0.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 142,166,292 shares of the company’s stock valued at $6,551,023,000 after purchasing an additional 1,051,702 shares during the last quarter. Jones Financial Companies Lllp raised its position in iShares Core Total USD Bond Market ETF by 3.1% in the 1st quarter. Jones Financial Companies Lllp now owns 62,382,141 shares of the company’s stock valued at $2,868,351,000 after purchasing an additional 1,856,559 shares during the last quarter. LPL Financial LLC raised its position in iShares Core Total USD Bond Market ETF by 7.6% in the 1st quarter. LPL Financial LLC now owns 48,049,515 shares of the company’s stock valued at $2,214,122,000 after purchasing an additional 3,402,819 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in iShares Core Total USD Bond Market ETF by 5.2% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 22,986,670 shares of the company’s stock valued at $1,059,226,000 after purchasing an additional 1,127,521 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in iShares Core Total USD Bond Market ETF by 4.3% in the 1st quarter. Ameriprise Financial Inc. now owns 10,859,467 shares of the company’s stock valued at $500,344,000 after purchasing an additional 450,361 shares during the last quarter.

iShares Core Total USD Bond Market ETF Stock Performance

Shares of IUSB opened at $46.64 on Wednesday. The stock has a fifty day moving average price of $46.45 and a two-hundred day moving average price of $45.95. iShares Core Total USD Bond Market ETF has a 52-week low of $44.67 and a 52-week high of $47.03. The company has a market cap of $33.06 billion, a price-to-earnings ratio of 10.80 and a beta of 0.15.

iShares Core Total USD Bond Market ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st were given a dividend of $0.1668 per share. The ex-dividend date was Wednesday, October 1st. This is an increase from iShares Core Total USD Bond Market ETF’s previous monthly dividend of $0.16. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%.

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.