M1 Capital Management LLC Trims Holdings in iShares Core Total USD Bond Market ETF $IUSB

M1 Capital Management LLC cut its stake in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 18.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 72,203 shares of the company’s stock after selling 16,560 shares during the quarter. iShares Core Total USD Bond Market ETF comprises about 1.7% of M1 Capital Management LLC’s holdings, making the stock its 19th largest position. M1 Capital Management LLC’s holdings in iShares Core Total USD Bond Market ETF were worth $3,338,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the stock. CX Institutional bought a new stake in iShares Core Total USD Bond Market ETF during the first quarter valued at $41,000. AlphaCore Capital LLC purchased a new position in iShares Core Total USD Bond Market ETF during the first quarter worth about $47,000. N.E.W. Advisory Services LLC purchased a new position in iShares Core Total USD Bond Market ETF during the first quarter worth about $50,000. NorthRock Partners LLC grew its position in iShares Core Total USD Bond Market ETF by 379.1% during the first quarter. NorthRock Partners LLC now owns 1,418 shares of the company’s stock worth $65,000 after buying an additional 1,122 shares in the last quarter. Finally, Quest 10 Wealth Builders Inc. grew its position in iShares Core Total USD Bond Market ETF by 233.9% during the first quarter. Quest 10 Wealth Builders Inc. now owns 1,666 shares of the company’s stock worth $77,000 after buying an additional 1,167 shares in the last quarter.

iShares Core Total USD Bond Market ETF Stock Down 0.1%

iShares Core Total USD Bond Market ETF stock opened at $46.60 on Friday. iShares Core Total USD Bond Market ETF has a 52 week low of $44.67 and a 52 week high of $47.03. The business has a 50-day simple moving average of $46.48 and a 200 day simple moving average of $45.96. The stock has a market cap of $33.03 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 business also recently declared a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were paid a $0.1668 dividend. This is an increase from iShares Core Total USD Bond Market ETF’s previous monthly dividend of $0.16. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a c) dividend on an annualized basis and a 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.