iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) Sees Unusually-High Trading Volume – Time to Buy?

iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) saw unusually-high trading volume on Thursday. 26,915,079 shares were traded during mid-day trading, an increase of 407% from the average daily volume of 5,305,437 shares. The stock last traded at $44.39 and had previously closed at $44.66.

iShares Core Total USD Bond Market ETF Price Performance

The business has a 50 day simple moving average of $44.60 and a 200 day simple moving average of $45.73. The company has a market capitalization of $49.86 billion, a price-to-earnings ratio of 10.80 and a beta of 0.27.

iShares Core Total USD Bond Market ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd were issued a dividend of $0.1718 per share. This is a positive change from iShares Core Total USD Bond Market ETF’s previous monthly dividend of $0.1544. The ex-dividend date was Monday, November 2nd. This represents a $2.06 annualized dividend and a yield of 4.6%.

Institutional Investors Weigh In On iShares Core Total USD Bond Market ETF

Several institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in iShares Core Total USD Bond Market ETF by 35.3% in the second quarter. Envestnet Asset Management Inc. now owns 180,016,371 shares of the company’s stock valued at $8,307,768,000 after acquiring an additional 46,935,169 shares in the last quarter. Johnson Financial Group Inc. increased its position in shares of iShares Core Total USD Bond Market ETF by 7,027.0% during the first quarter. Johnson Financial Group Inc. now owns 5,053,447 shares of the company’s stock worth $233,419,000 after purchasing an additional 4,982,541 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of iShares Core Total USD Bond Market ETF by 35.1% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 16,937,298 shares of the company’s stock worth $781,656,000 after purchasing an additional 4,399,948 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of iShares Core Total USD Bond Market ETF by 10.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 33,421,651 shares of the company’s stock valued at $1,542,409,000 after purchasing an additional 3,083,604 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its holdings in shares of iShares Core Total USD Bond Market ETF by 21.6% in the 3rd quarter. Park Avenue Securities LLC now owns 15,696,885 shares of the company’s stock valued at $692,076,000 after purchasing an additional 2,783,245 shares during the last quarter.

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.