Destination Wealth Management Buys 23,912 Shares of iShares Core Total USD Bond Market ETF $IUSB

Destination Wealth Management boosted its stake in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 2.6% in the third quarter, HoldingsChannel reports. The firm owned 954,445 shares of the company’s stock after acquiring an additional 23,912 shares during the period. iShares Core Total USD Bond Market ETF makes up approximately 1.2% of Destination Wealth Management’s holdings, making the stock its 26th largest holding. Destination Wealth Management’s holdings in iShares Core Total USD Bond Market ETF were worth $44,582,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Jones Financial Companies Lllp lifted its holdings in shares of iShares Core Total USD Bond Market ETF by 6.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 71,364,109 shares of the company’s stock valued at $3,327,011,000 after buying an additional 4,589,650 shares during the period. Gallagher Fiduciary Advisors LLC grew its holdings in shares of iShares Core Total USD Bond Market ETF by 3,595.7% in the second quarter. Gallagher Fiduciary Advisors LLC now owns 3,377,749 shares of the company’s stock worth $156,153,000 after acquiring an additional 3,286,352 shares during the period. Thrivent Financial for Lutherans increased its position in iShares Core Total USD Bond Market ETF by 3,347.5% during the third quarter. Thrivent Financial for Lutherans now owns 1,862,672 shares of the company’s stock valued at $87,006,000 after acquiring an additional 1,808,643 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in iShares Core Total USD Bond Market ETF by 5.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 24,317,154 shares of the company’s stock valued at $1,124,182,000 after acquiring an additional 1,330,484 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of iShares Core Total USD Bond Market ETF during the 3rd quarter valued at $59,881,000.

iShares Core Total USD Bond Market ETF Price Performance

NASDAQ:IUSB opened at $46.17 on Monday. iShares Core Total USD Bond Market ETF has a one year low of $44.74 and a one year high of $47.23. The business has a fifty day moving average price of $46.72 and a 200-day moving average price of $46.72. The firm has a market capitalization of $34.72 billion, a price-to-earnings ratio of 10.80 and a beta of 0.26.

iShares Core Total USD Bond Market ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a $0.1573 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 4.1%.

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.