Frisch Financial Group Inc. Invests $1.05 Million in iShares Core Total USD Bond Market ETF $IUSB

Frisch Financial Group Inc. purchased a new stake in shares of iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 22,518 shares of the company’s stock, valued at approximately $1,052,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Team Financial Group LLC boosted its position in shares of iShares Core Total USD Bond Market ETF by 54.4% during the third quarter. Team Financial Group LLC now owns 619 shares of the company’s stock valued at $29,000 after buying an additional 218 shares during the period. Collier Financial bought a new stake in shares of iShares Core Total USD Bond Market ETF during the 3rd quarter worth approximately $32,000. Richardson Capital Management LLC bought a new stake in shares of iShares Core Total USD Bond Market ETF during the 3rd quarter worth approximately $43,000. Anchor Investment Management LLC purchased a new position in iShares Core Total USD Bond Market ETF during the 2nd quarter valued at $51,000. Finally, Atlantic Union Bankshares Corp purchased a new position in iShares Core Total USD Bond Market ETF during the 2nd quarter valued at $52,000.

iShares Core Total USD Bond Market ETF Stock Up 0.0%

IUSB stock opened at $46.99 on Friday. The business’s fifty day simple moving average is $46.66 and its two-hundred day simple moving average is $46.65. iShares Core Total USD Bond Market ETF has a twelve month low of $44.74 and a twelve month high of $47.20. The firm has a market cap of $35.34 billion, a price-to-earnings ratio of 10.80 and a beta of 0.26.

iShares Core Total USD Bond Market ETF Increases Dividend

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