Sovereign Financial Group Inc. Sells 12,989 Shares of iShares Core Total USD Bond Market ETF $IUSB

Sovereign Financial Group Inc. cut its holdings in shares of iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 18.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,466 shares of the company’s stock after selling 12,989 shares during the quarter. Sovereign Financial Group Inc.’s holdings in iShares Core Total USD Bond Market ETF were worth $2,684,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. OLD Mission Capital LLC bought a new position in iShares Core Total USD Bond Market ETF in the 1st quarter worth approximately $2,928,000. Baird Financial Group Inc. lifted its holdings in shares of iShares Core Total USD Bond Market ETF by 0.4% in the first quarter. Baird Financial Group Inc. now owns 905,762 shares of the company’s stock worth $41,738,000 after buying an additional 3,182 shares in the last quarter. MAI Capital Management boosted its position in shares of iShares Core Total USD Bond Market ETF by 114.8% during the first quarter. MAI Capital Management now owns 5,741 shares of the company’s stock worth $265,000 after acquiring an additional 3,068 shares during the last quarter. Royal Bank of Canada boosted its position in shares of iShares Core Total USD Bond Market ETF by 2.2% during the first quarter. Royal Bank of Canada now owns 3,180,556 shares of the company’s stock worth $146,561,000 after acquiring an additional 68,115 shares during the last quarter. Finally, Ameriflex Group Inc. grew its stake in iShares Core Total USD Bond Market ETF by 1,864.9% during the first quarter. Ameriflex Group Inc. now owns 32,559 shares of the company’s stock valued at $1,500,000 after acquiring an additional 30,902 shares in the last quarter.

iShares Core Total USD Bond Market ETF Stock Performance

Shares of NASDAQ IUSB opened at $46.63 on Friday. The company has a market cap of $33.14 billion, a P/E ratio of 10.80 and a beta of 0.26. iShares Core Total USD Bond Market ETF has a 52-week low of $44.67 and a 52-week high of $47.20. The firm’s fifty day moving average is $46.75 and its two-hundred day moving average is $46.43.

iShares Core Total USD Bond Market ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were given a $0.1648 dividend. This is an increase from iShares Core Total USD Bond Market ETF’s previous monthly dividend of $0.16. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Friday, December 19th.

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.