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

iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $44.67 and last traded at $44.67, with a volume of 978417 shares changing hands. The stock had previously closed at $44.92.

iShares Core Total USD Bond Market ETF Stock Performance

The stock has a 50 day moving average of $45.36 and a 200-day moving average of $45.85. The company has a market cap of $43.64 billion, a PE ratio of 10.80 and a beta of 0.26.

iShares Core Total USD Bond Market ETF Cuts Dividend

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

Institutional Investors Weigh In On iShares Core Total USD Bond Market ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Cahill Financial Advisors Inc. raised its position in iShares Core Total USD Bond Market ETF by 3.2% during the second quarter. Cahill Financial Advisors Inc. now owns 23,564 shares of the company’s stock valued at $1,088,000 after acquiring an additional 737 shares in the last quarter. Capital Analysts LLC boosted its position in iShares Core Total USD Bond Market ETF by 54.7% in the 2nd quarter. Capital Analysts LLC now owns 715,985 shares of the company’s stock worth $33,043,000 after purchasing an additional 253,113 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in iShares Core Total USD Bond Market ETF by 13.1% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 1,479,358 shares of the company’s stock worth $68,289,000 after purchasing an additional 171,542 shares in the last quarter. RFG Advisory LLC grew its stake in shares of iShares Core Total USD Bond Market ETF by 7.1% during the 2nd quarter. RFG Advisory LLC now owns 119,805 shares of the company’s stock worth $5,529,000 after purchasing an additional 7,937 shares during the period. Finally, NewEdge Advisors LLC grew its stake in shares of iShares Core Total USD Bond Market ETF by 34.0% during the 2nd quarter. NewEdge Advisors LLC now owns 4,136,795 shares of the company’s stock worth $191,018,000 after purchasing an additional 1,049,332 shares during the period.

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.