Sovran Advisors LLC Lowers Stock Position in iShares Core Total USD Bond Market ETF $IUSB

Sovran Advisors LLC trimmed its holdings in shares of iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 18.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 285,038 shares of the company’s stock after selling 66,481 shares during the period. iShares Core Total USD Bond Market ETF accounts for about 1.2% of Sovran Advisors LLC’s investment portfolio, making the stock its 13th biggest holding. Sovran Advisors LLC’s holdings in iShares Core Total USD Bond Market ETF were worth $13,360,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Avidian Wealth Enterprises LLC grew its position in iShares Core Total USD Bond Market ETF by 3.0% during the second quarter. Avidian Wealth Enterprises LLC now owns 1,000,740 shares of the company’s stock worth $46,264,000 after buying an additional 28,709 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in shares of iShares Core Total USD Bond Market ETF in the 2nd quarter worth approximately $6,423,000. Acorn Wealth Advisors LLC purchased a new position in iShares Core Total USD Bond Market ETF in the 3rd quarter valued at approximately $624,000. Apella Capital LLC raised its holdings in iShares Core Total USD Bond Market ETF by 28.1% during the third quarter. Apella Capital LLC now owns 662,537 shares of the company’s stock worth $31,159,000 after purchasing an additional 145,220 shares during the last quarter. Finally, Americana Partners LLC acquired a new position in iShares Core Total USD Bond Market ETF during the second quarter worth $2,358,000.

iShares Core Total USD Bond Market ETF Stock Performance

iShares Core Total USD Bond Market ETF stock opened at $46.67 on Monday. iShares Core Total USD Bond Market ETF has a fifty-two week low of $44.74 and a fifty-two week high of $47.20. The firm has a market capitalization of $34.94 billion, a price-to-earnings ratio of 10.80 and a beta of 0.26. The stock’s fifty day moving average is $46.66 and its two-hundred day moving average is $46.54.

iShares Core Total USD Bond Market ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were issued a dividend of $0.1648 per share. This is an increase from iShares Core Total USD Bond Market ETF’s previous monthly dividend of $0.16. The ex-dividend date was Friday, December 19th. This represents a c) annualized dividend and a yield of 4.2%.

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.