Summit Wealth Partners LLC Purchases 26,064 Shares of iShares Core Total USD Bond Market ETF $IUSB

Summit Wealth Partners LLC lifted its position in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 8.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 337,978 shares of the company’s stock after acquiring an additional 26,064 shares during the quarter. iShares Core Total USD Bond Market ETF makes up about 2.5% of Summit Wealth Partners LLC’s holdings, making the stock its 10th biggest holding. Summit Wealth Partners LLC’s holdings in iShares Core Total USD Bond Market ETF were worth $15,611,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its holdings in shares of iShares Core Total USD Bond Market ETF by 2.9% in the fourth quarter. Wells Fargo & Company MN now owns 47,946,578 shares of the company’s stock valued at $2,231,434,000 after purchasing an additional 1,331,490 shares in the last quarter. LPL Financial LLC grew its holdings in shares of iShares Core Total USD Bond Market ETF by 2.2% during the fourth quarter. LPL Financial LLC now owns 45,507,455 shares of the company’s stock valued at $2,117,917,000 after buying an additional 966,130 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in iShares Core Total USD Bond Market ETF by 8.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 28,622,754 shares of the company’s stock valued at $1,332,103,000 after buying an additional 2,324,731 shares during the period. Morgan Stanley raised its position in iShares Core Total USD Bond Market ETF by 8.5% during the fourth quarter. Morgan Stanley now owns 24,700,344 shares of the company’s stock valued at $1,149,554,000 after buying an additional 1,931,838 shares during the period. Finally, CWM LLC lifted its stake in iShares Core Total USD Bond Market ETF by 0.5% in the 4th quarter. CWM LLC now owns 17,194,171 shares of the company’s stock worth $800,217,000 after acquiring an additional 85,428 shares in the last quarter.

iShares Core Total USD Bond Market ETF Trading Down 0.3%

Shares of iShares Core Total USD Bond Market ETF stock opened at $45.99 on Tuesday. iShares Core Total USD Bond Market ETF has a 1 year low of $45.47 and a 1 year high of $47.23. The company has a market cap of $36.39 billion, a P/E ratio of 10.80 and a beta of 0.26. The stock has a 50-day moving average price of $46.09 and a 200 day moving average price of $46.41.

iShares Core Total USD Bond Market ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were issued a $0.1511 dividend. The ex-dividend date was Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%.

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.