iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) Hits New 1-Year High – Should You Buy?

iShares Core Total USD Bond Market ETF (NASDAQ:IUSB)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $47.22 and last traded at $47.1950, with a volume of 368475 shares changing hands. The stock had previously closed at $47.12.

iShares Core Total USD Bond Market ETF Price Performance

The stock has a 50 day simple moving average of $46.71 and a two-hundred day simple moving average of $46.68. The company has a market cap of $35.50 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 declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a dividend of $0.165 per share. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, February 2nd. This is a positive change from iShares Core Total USD Bond Market ETF’s previous monthly dividend of $0.16.

Institutional Trading of iShares Core Total USD Bond Market ETF

Several hedge funds have recently made changes to their positions in IUSB. Firestone Capital Management increased its stake in iShares Core Total USD Bond Market ETF by 3.2% in the 3rd quarter. Firestone Capital Management now owns 354,435 shares of the company’s stock valued at $16,556,000 after purchasing an additional 10,921 shares in the last quarter. Acorn Wealth Advisors LLC purchased a new stake in iShares Core Total USD Bond Market ETF during the third quarter worth $624,000. First Command Advisory Services Inc. grew its holdings in iShares Core Total USD Bond Market ETF by 5.4% in the third quarter. First Command Advisory Services Inc. now owns 2,210,825 shares of the company’s stock valued at $103,268,000 after purchasing an additional 112,933 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in shares of iShares Core Total USD Bond Market ETF in the second quarter valued at $6,423,000. Finally, Avidian Wealth Enterprises LLC raised its stake in shares of iShares Core Total USD Bond Market ETF by 1.5% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 1,015,283 shares of the company’s stock worth $47,424,000 after buying an additional 14,543 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.