Independent Financial Group LLC Invests $6.61 Million in iShares Core Total USD Bond Market ETF $IUSB

Independent Financial Group LLC acquired a new stake in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 143,179 shares of the company’s stock, valued at approximately $6,613,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. CIBC Private Wealth Group LLC bought a new stake in iShares Core Total USD Bond Market ETF during the third quarter worth about $27,000. Decker Retirement Planning Inc. bought a new position in iShares Core Total USD Bond Market ETF in the fourth quarter valued at approximately $30,000. Mcguire Capital Advisors Inc. bought a new position in iShares Core Total USD Bond Market ETF in the fourth quarter valued at approximately $30,000. Hurley Capital LLC bought a new position in iShares Core Total USD Bond Market ETF in the fourth quarter valued at approximately $33,000. Finally, Advocate Investing Services LLC acquired a new position in shares of iShares Core Total USD Bond Market ETF during the 1st quarter worth approximately $42,000.

iShares Core Total USD Bond Market ETF Price Performance

Shares of iShares Core Total USD Bond Market ETF stock opened at $45.77 on Friday. iShares Core Total USD Bond Market ETF has a 12-month low of $45.47 and a 12-month high of $47.23. The stock has a market cap of $42.85 billion, a P/E ratio of 10.80 and a beta of 0.26. The business’s 50 day moving average is $45.96 and its 200-day moving average is $46.32.

iShares Core Total USD Bond Market ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a $0.164 dividend. This is a boost from iShares Core Total USD Bond Market ETF’s previous monthly dividend of $0.15. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Wednesday, July 1st.

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.