Sovereign Financial Group Inc. Has $3.26 Million Position in iShares Core Total USD Bond Market ETF $IUSB

Sovereign Financial Group Inc. reduced its stake in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 0.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 70,455 shares of the company’s stock after selling 334 shares during the quarter. iShares Core Total USD Bond Market ETF makes up 0.7% of Sovereign Financial Group Inc.’s investment portfolio, making the stock its 27th largest holding. Sovereign Financial Group Inc.’s holdings in iShares Core Total USD Bond Market ETF were worth $3,257,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc lifted its holdings in iShares Core Total USD Bond Market ETF by 2.1% in the 2nd quarter. AdvisorNet Financial Inc now owns 15,263 shares of the company’s stock worth $706,000 after purchasing an additional 308 shares during the last quarter. Financial Sense Advisors Inc. increased its position in iShares Core Total USD Bond Market ETF by 6.2% in the 1st quarter. Financial Sense Advisors Inc. now owns 5,690 shares of the company’s stock worth $262,000 after buying an additional 331 shares during the period. PKS Advisory Services LLC increased its position in iShares Core Total USD Bond Market ETF by 3.8% in the 1st quarter. PKS Advisory Services LLC now owns 9,286 shares of the company’s stock worth $428,000 after buying an additional 342 shares during the period. Klaas Financial Asset Advisors LLC increased its position in iShares Core Total USD Bond Market ETF by 1.6% in the 1st quarter. Klaas Financial Asset Advisors LLC now owns 27,123 shares of the company’s stock worth $1,250,000 after buying an additional 437 shares during the period. Finally, GC Wealth Management RIA LLC increased its position in iShares Core Total USD Bond Market ETF by 6.5% in the 2nd quarter. GC Wealth Management RIA LLC now owns 7,626 shares of the company’s stock worth $353,000 after buying an additional 467 shares during the period.

iShares Core Total USD Bond Market ETF Stock Up 0.3%

Shares of NASDAQ IUSB opened at $46.74 on Friday. The business’s 50 day moving average is $46.49 and its two-hundred day moving average is $45.97. The company has a market cap of $33.12 billion, a P/E ratio of 10.80 and a beta of 0.15. iShares Core Total USD Bond Market ETF has a 12 month low of $44.67 and a 12 month high of $47.03.

iShares Core Total USD Bond Market ETF Increases Dividend

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

iShares Core Total USD Bond Market ETF Company 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.