Financial Advocates Investment Management Cuts Holdings in iShares Core Total USD Bond Market ETF $IUSB

Financial Advocates Investment Management lessened its holdings in shares of iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 20.6% in the third quarter, Holdings Channel.com reports. The fund owned 101,424 shares of the company’s stock after selling 26,392 shares during the period. iShares Core Total USD Bond Market ETF comprises approximately 2.7% of Financial Advocates Investment Management’s portfolio, making the stock its 6th largest holding. Financial Advocates Investment Management’s holdings in iShares Core Total USD Bond Market ETF were worth $4,738,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Avidian Wealth Enterprises LLC lifted its holdings in iShares Core Total USD Bond Market ETF by 3.0% in 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. Firestone Capital Management raised its position in shares of iShares Core Total USD Bond Market ETF by 3.2% in the 3rd quarter. Firestone Capital Management now owns 354,435 shares of the company’s stock worth $16,556,000 after acquiring an additional 10,921 shares in the last quarter. Acorn Wealth Advisors LLC purchased a new position in shares of iShares Core Total USD Bond Market ETF in the 3rd quarter valued at approximately $624,000. First Command Advisory Services Inc. lifted its stake in shares of iShares Core Total USD Bond Market ETF by 5.4% in the 3rd quarter. First Command Advisory Services Inc. now owns 2,210,825 shares of the company’s stock valued at $103,268,000 after purchasing an additional 112,933 shares during the period. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of iShares Core Total USD Bond Market ETF during the second quarter valued at approximately $6,423,000.

iShares Core Total USD Bond Market ETF Stock Up 0.4%

Shares of IUSB stock opened at $46.89 on Friday. The business’s fifty day moving average is $46.62 and its 200 day moving average is $46.61. The stock has a market cap of $35.26 billion, a price-to-earnings ratio of 10.80 and a beta of 0.26. iShares Core Total USD Bond Market ETF has a twelve month low of $44.74 and a twelve month high of $47.20.

iShares Core Total USD Bond Market ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a $0.165 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. This is a boost from iShares Core Total USD Bond Market ETF’s previous monthly dividend of $0.16.

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.