Destination Wealth Management Has $46.74 Million Position in iShares Core Total USD Bond Market ETF $IUSB

Destination Wealth Management increased its holdings in shares of iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 5.2% during the fourth quarter, Holdings Channel reports. The fund owned 1,004,200 shares of the company’s stock after acquiring an additional 49,755 shares during the quarter. iShares Core Total USD Bond Market ETF comprises about 1.2% of Destination Wealth Management’s holdings, making the stock its 27th biggest holding. Destination Wealth Management’s holdings in iShares Core Total USD Bond Market ETF were worth $46,735,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. CIBC Private Wealth Group LLC acquired a new position in shares of iShares Core Total USD Bond Market ETF during the 3rd quarter worth approximately $27,000. Decker Retirement Planning Inc. acquired a new position in shares of iShares Core Total USD Bond Market ETF during the 4th quarter worth approximately $30,000. Chapman Financial Group LLC acquired a new position in shares of iShares Core Total USD Bond Market ETF during the 3rd quarter worth approximately $31,000. United Financial Planning Group LLC acquired a new position in shares of iShares Core Total USD Bond Market ETF during the 3rd quarter worth approximately $50,000. Finally, Ransom Advisory Ltd acquired a new position in shares of iShares Core Total USD Bond Market ETF during the 4th quarter worth approximately $57,000.

iShares Core Total USD Bond Market ETF Trading Down 0.1%

IUSB stock opened at $46.05 on Friday. The firm has a market capitalization of $36.44 billion, a PE ratio of 10.80 and a beta of 0.26. iShares Core Total USD Bond Market ETF has a 1-year low of $45.47 and a 1-year high of $47.23. The business’s 50 day simple moving average is $46.11 and its 200 day simple moving average is $46.44.

iShares Core Total USD Bond Market ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were issued a $0.1511 dividend. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Monday, June 1st.

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.