iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) Sets New 12-Month Low – Time to Sell?

iShares Core Total USD Bond Market ETF (NASDAQ:IUSB)’s stock price reached a new 52-week low on Wednesday . The company traded as low as $45.09 and last traded at $45.09, with a volume of 729829 shares traded. The stock had previously closed at $45.21.

iShares Core Total USD Bond Market ETF Price Performance

The stock has a 50 day moving average price of $45.52 and a 200-day moving average price of $45.97. The stock has a market capitalization of $42.45 billion, a P/E ratio of 10.80 and a beta of 0.26.

iShares Core Total USD Bond Market ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were issued a $0.168 dividend. The ex-dividend date of this dividend was Tuesday, September 1st.

Hedge Funds Weigh In On iShares Core Total USD Bond Market ETF

Several hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC lifted its holdings in iShares Core Total USD Bond Market ETF by 9.9% in the first quarter. AQR Capital Management LLC now owns 60,249 shares of the company’s stock worth $2,776,000 after buying an additional 5,416 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of iShares Core Total USD Bond Market ETF by 40.7% in the first quarter. Goldman Sachs Group Inc. now owns 191,332 shares of the company’s stock worth $8,817,000 after buying an additional 55,360 shares in the last quarter. M&T Bank Corp bought a new position in iShares Core Total USD Bond Market ETF in the 2nd quarter valued at approximately $335,000. Brown Advisory Inc. purchased a new stake in shares of iShares Core Total USD Bond Market ETF during the second quarter valued at $246,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of iShares Core Total USD Bond Market ETF during the 2nd quarter valued at about $167,000.

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.