iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) Hits New 12-Month Low – Here’s What Happened

Shares of iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) hit a new 52-week low on Thursday . The stock traded as low as $45.47 and last traded at $45.47, with a volume of 1185 shares traded. The stock had previously closed at $45.52.

iShares Core Total USD Bond Market ETF Trading Down 0.2%

The company has a 50-day moving average of $45.92 and a 200-day moving average of $46.29. The company has a market capitalization of $42.63 billion, a price-to-earnings ratio of 10.80 and a beta of 0.26.

iShares Core Total USD Bond Market ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.164 per share. This represents a c) annualized dividend and a dividend yield of 4.3%. This is an increase from iShares Core Total USD Bond Market ETF’s previous monthly dividend of $0.15. The ex-dividend date was Wednesday, July 1st.

Hedge Funds Weigh In On iShares Core Total USD Bond Market ETF

Several hedge funds and other institutional investors have recently modified their holdings of IUSB. CIBC Private Wealth Group LLC acquired a new position in iShares Core Total USD Bond Market ETF during the 3rd quarter valued at approximately $27,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of iShares Core Total USD Bond Market ETF during the fourth quarter worth $30,000. Decker Retirement Planning Inc. purchased a new stake in shares of iShares Core Total USD Bond Market ETF during the fourth quarter valued at $30,000. Hurley Capital LLC purchased a new stake in shares of iShares Core Total USD Bond Market ETF during the fourth quarter valued at $33,000. Finally, Advocate Investing Services LLC acquired a new position in shares of iShares Core Total USD Bond Market ETF in the 1st quarter valued at $42,000.

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.