HighTower Advisors LLC Sells 105,550 Shares of iShares Core Total USD Bond Market ETF $IUSB

HighTower Advisors LLC cut its holdings in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 20.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 412,507 shares of the company’s stock after selling 105,550 shares during the period. HighTower Advisors LLC’s holdings in iShares Core Total USD Bond Market ETF were worth $19,268,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of IUSB. Team Financial Group LLC lifted its position in shares of iShares Core Total USD Bond Market ETF by 54.4% during the third quarter. Team Financial Group LLC now owns 619 shares of the company’s stock worth $29,000 after acquiring an additional 218 shares in the last quarter. Collier Financial purchased a new stake in iShares Core Total USD Bond Market ETF during the 3rd quarter worth about $32,000. Richardson Capital Management LLC bought a new position in iShares Core Total USD Bond Market ETF in the 3rd quarter worth about $43,000. Compass Financial Services Inc purchased a new position in iShares Core Total USD Bond Market ETF during the 3rd quarter valued at about $52,000. Finally, Anchor Investment Management LLC purchased a new position in iShares Core Total USD Bond Market ETF during the 2nd quarter valued at about $51,000.

iShares Core Total USD Bond Market ETF Trading Up 0.0%

Shares of iShares Core Total USD Bond Market ETF stock opened at $46.99 on Friday. The company’s 50-day moving average price is $46.66 and its 200-day moving average price is $46.65. iShares Core Total USD Bond Market ETF has a 12-month low of $44.74 and a 12-month high of $47.20. The company has a market cap of $35.34 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 company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were paid a $0.165 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.2%. This is a boost from iShares Core Total USD Bond Market ETF’s previous monthly dividend of $0.16.

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.