Modern Wealth Management LLC Acquires 158,146 Shares of iShares Core Total USD Bond Market ETF $IUSB

Modern Wealth Management LLC increased its stake in shares of iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 40.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 550,514 shares of the company’s stock after acquiring an additional 158,146 shares during the period. Modern Wealth Management LLC owned 0.07% of iShares Core Total USD Bond Market ETF worth $25,373,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Wells Fargo & Company MN increased its stake in shares of iShares Core Total USD Bond Market ETF by 2.9% in the fourth quarter. Wells Fargo & Company MN now owns 47,946,578 shares of the company’s stock worth $2,231,434,000 after purchasing an additional 1,331,490 shares during the period. LPL Financial LLC raised its stake in iShares Core Total USD Bond Market ETF by 2.2% during the 4th quarter. LPL Financial LLC now owns 45,507,455 shares of the company’s stock valued at $2,117,917,000 after purchasing an additional 966,130 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in iShares Core Total USD Bond Market ETF by 8.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 28,622,754 shares of the company’s stock valued at $1,332,103,000 after purchasing an additional 2,324,731 shares during the period. Morgan Stanley boosted its holdings in iShares Core Total USD Bond Market ETF by 8.5% in the 4th quarter. Morgan Stanley now owns 24,700,344 shares of the company’s stock valued at $1,149,554,000 after purchasing an additional 1,931,838 shares during the period. Finally, CWM LLC grew its position in iShares Core Total USD Bond Market ETF by 0.5% in the 4th quarter. CWM LLC now owns 17,194,171 shares of the company’s stock worth $800,217,000 after purchasing an additional 85,428 shares during the last quarter.

iShares Core Total USD Bond Market ETF Price Performance

NASDAQ IUSB opened at $45.42 on Friday. The company’s fifty day moving average is $45.91 and its two-hundred day moving average is $46.29. iShares Core Total USD Bond Market ETF has a 52-week low of $45.38 and a 52-week high of $47.23. The firm has a market capitalization of $42.64 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 was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a $0.164 dividend. The ex-dividend date was Wednesday, July 1st. This is a boost from iShares Core Total USD Bond Market ETF’s previous monthly dividend of $0.15. This represents a c) annualized dividend and a dividend yield of 4.3%.

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.