Envestnet Asset Management Inc. Cuts Position in iShares Core Total USD Bond Market ETF $IUSB

Envestnet Asset Management Inc. trimmed its stake in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 8.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 123,224,571 shares of the company’s stock after selling 11,878,031 shares during the quarter. iShares Core Total USD Bond Market ETF comprises about 1.7% of Envestnet Asset Management Inc.’s holdings, making the stock its 3rd biggest position. Envestnet Asset Management Inc. owned 17.34% of iShares Core Total USD Bond Market ETF worth $5,755,820,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Avidian Wealth Enterprises LLC boosted its stake in iShares Core Total USD Bond Market ETF by 3.0% in the second quarter. Avidian Wealth Enterprises LLC now owns 1,000,740 shares of the company’s stock valued at $46,264,000 after acquiring an additional 28,709 shares during the last quarter. Acorn Wealth Advisors LLC purchased a new position in iShares Core Total USD Bond Market ETF in the third quarter valued at approximately $624,000. B. Riley Wealth Advisors Inc. bought a new position in iShares Core Total USD Bond Market ETF during the second quarter valued at $6,423,000. First Command Advisory Services Inc. increased its position 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 worth $103,268,000 after buying an additional 112,933 shares during the last quarter. Finally, Belpointe Asset Management LLC bought a new stake in shares of iShares Core Total USD Bond Market ETF in the third quarter valued at $803,000.

iShares Core Total USD Bond Market ETF Stock Performance

IUSB stock opened at $46.47 on Wednesday. The stock has a fifty day moving average of $46.64 and a 200-day moving average of $46.59. iShares Core Total USD Bond Market ETF has a fifty-two week low of $44.74 and a fifty-two week high of $47.20. The company has a market capitalization of $34.95 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 business also recently announced a monthly dividend, which will be paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd will be given a dividend of $0.165 per share. This is an increase from iShares Core Total USD Bond Market ETF’s previous monthly dividend of $0.16. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Monday, February 2nd.

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.