iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) Hits New 1-Year Low – Should You Sell?

iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $44.67 and last traded at $44.75, with a volume of 4023921 shares. The stock had previously closed at $44.79.

iShares Core Total USD Bond Market ETF Price Performance

The company has a market cap of $42.94 billion, a P/E ratio of 10.80 and a beta of 0.26. The company’s 50-day moving average is $45.43 and its two-hundred day moving average is $45.91.

iShares Core Total USD Bond Market ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were paid a dividend of $0.168 per share. The ex-dividend date was Tuesday, September 1st.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Beacon Financial Group grew 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 valued at $277,000 after purchasing an additional 226 shares during the last quarter. Davidson Investment Advisors raised its holdings in iShares Core Total USD Bond Market ETF by 1.9% in 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 in the last quarter. Acorn Financial Advisory Services Inc. ADV lifted its position 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 buying an additional 289 shares during the last quarter. Pinnacle Bancorp Inc. lifted its position in shares of iShares Core Total USD Bond Market ETF by 5.7% during the first quarter. Pinnacle Bancorp Inc. now owns 5,923 shares of the company’s stock valued at $274,000 after buying an additional 319 shares during the last quarter. Finally, Anchor Investment Management LLC lifted its position in shares of iShares Core Total USD Bond Market ETF by 30.5% during the fourth quarter. Anchor Investment Management LLC now owns 1,451 shares of the company’s stock valued at $68,000 after buying an additional 339 shares during the last quarter.

About iShares Core Total USD Bond Market ETF

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.