Northwestern Mutual Wealth Management Co. Boosts Holdings in iShares Core Total USD Bond Market ETF $IUSB

Northwestern Mutual Wealth Management Co. increased its position in shares of iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 10.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,421,651 shares of the company’s stock after purchasing an additional 3,083,604 shares during the period. iShares Core Total USD Bond Market ETF makes up 0.8% of Northwestern Mutual Wealth Management Co.’s portfolio, making the stock its 21st largest holding. Northwestern Mutual Wealth Management Co. owned about 3.53% of iShares Core Total USD Bond Market ETF worth $1,542,409,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IUSB. Howe & Rusling Inc. raised its holdings in shares of iShares Core Total USD Bond Market ETF by 2.6% in the fourth quarter. Howe & Rusling Inc. now owns 8,329 shares of the company’s stock worth $388,000 after buying an additional 215 shares during the period. Beacon Financial Group increased its stake in iShares Core Total USD Bond Market ETF by 3.9% in the first quarter. Beacon Financial Group now owns 5,993 shares of the company’s stock worth $277,000 after purchasing an additional 226 shares during the period. Davidson Investment Advisors lifted its position in shares of iShares Core Total USD Bond Market ETF by 1.9% during the second quarter. Davidson Investment Advisors now owns 12,237 shares of the company’s stock worth $565,000 after purchasing an additional 234 shares during the last quarter. Midwest Trust Co lifted its position in shares of iShares Core Total USD Bond Market ETF by 2.9% during the fourth quarter. Midwest Trust Co now owns 8,432 shares of the company’s stock worth $392,000 after purchasing an additional 236 shares during the last quarter. Finally, Acorn Financial Advisory Services Inc. ADV boosted its stake in shares of iShares Core Total USD Bond Market ETF by 5.9% during the second quarter. Acorn Financial Advisory Services Inc. ADV now owns 5,158 shares of the company’s stock valued at $238,000 after purchasing an additional 289 shares during the period.

iShares Core Total USD Bond Market ETF Trading Down 0.1%

NASDAQ IUSB opened at $45.45 on Tuesday. The stock has a market cap of $43.04 billion, a PE ratio of 10.80 and a beta of 0.26. iShares Core Total USD Bond Market ETF has a 12 month low of $45.32 and a 12 month high of $47.23. The company’s 50-day moving average price is $45.68 and its 200-day moving average price is $46.07.

iShares Core Total USD Bond Market ETF Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were given a dividend of $0.1686 per share. The ex-dividend date of this dividend was Monday, August 3rd.

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.