PAX Financial Group LLC Sells 25,343 Shares of iShares Core Total USD Bond Market ETF $IUSB

PAX Financial Group LLC cut its stake in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 4.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 491,744 shares of the company’s stock after selling 25,343 shares during the period. iShares Core Total USD Bond Market ETF comprises approximately 4.1% of PAX Financial Group LLC’s holdings, making the stock its 3rd largest holding. PAX Financial Group LLC owned approximately 0.07% of iShares Core Total USD Bond Market ETF worth $22,969,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Team Financial Group LLC grew its position in iShares Core Total USD Bond Market ETF by 54.4% in the third quarter. Team Financial Group LLC now owns 619 shares of the company’s stock valued at $29,000 after acquiring an additional 218 shares during the period. Morris Financial Concepts Inc. lifted its holdings in shares of iShares Core Total USD Bond Market ETF by 1.2% during the second quarter. Morris Financial Concepts Inc. now owns 20,711 shares of the company’s stock valued at $957,000 after acquiring an additional 239 shares during the period. Leavell Investment Management Inc. boosted its stake in shares of iShares Core Total USD Bond Market ETF by 0.6% in the 3rd quarter. Leavell Investment Management Inc. now owns 40,535 shares of the company’s stock valued at $1,893,000 after purchasing an additional 240 shares in the last quarter. Key Financial Inc grew its holdings in shares of iShares Core Total USD Bond Market ETF by 30.2% in the 2nd quarter. Key Financial Inc now owns 1,185 shares of the company’s stock worth $55,000 after purchasing an additional 275 shares during the last quarter. Finally, Detalus Advisors LLC grew its holdings in shares of iShares Core Total USD Bond Market ETF by 1.4% in the 3rd quarter. Detalus Advisors LLC now owns 20,861 shares of the company’s stock worth $974,000 after purchasing an additional 285 shares during the last quarter.

iShares Core Total USD Bond Market ETF Stock Down 0.1%

Shares of IUSB stock opened at $46.65 on Friday. iShares Core Total USD Bond Market ETF has a 12-month low of $44.74 and a 12-month high of $47.20. The company has a market capitalization of $35.02 billion, a P/E ratio of 10.80 and a beta of 0.26. The firm has a 50-day moving average price of $46.66 and a 200 day moving average price of $46.57.

iShares Core Total USD Bond Market ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were paid a $0.1648 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. 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.

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.