Acorn Financial Advisory Services Inc. ADV Cuts Stake in iShares Core Total USD Bond Market ETF $IUSB

Acorn Financial Advisory Services Inc. ADV decreased its holdings in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 11.3% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,370 shares of the company’s stock after selling 811 shares during the period. Acorn Financial Advisory Services Inc. ADV’s holdings in iShares Core Total USD Bond Market ETF were worth $294,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in IUSB. LPL Financial LLC boosted its stake in shares of iShares Core Total USD Bond Market ETF by 7.6% in the 1st quarter. LPL Financial LLC now owns 48,049,515 shares of the company’s stock valued at $2,214,122,000 after purchasing an additional 3,402,819 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of iShares Core Total USD Bond Market ETF by 3.1% in the 1st quarter. Jones Financial Companies Lllp now owns 62,382,141 shares of the company’s stock valued at $2,868,351,000 after purchasing an additional 1,856,559 shares in the last quarter. Baker Avenue Asset Management LP purchased a new stake in shares of iShares Core Total USD Bond Market ETF in the 1st quarter valued at $56,347,000. Sofi Wealth LLC boosted its stake in shares of iShares Core Total USD Bond Market ETF by 4,501.0% in the 1st quarter. Sofi Wealth LLC now owns 1,241,951 shares of the company’s stock valued at $57,229,000 after purchasing an additional 1,214,958 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of iShares Core Total USD Bond Market ETF by 5.2% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 22,986,670 shares of the company’s stock valued at $1,059,226,000 after purchasing an additional 1,127,521 shares in the last quarter.

iShares Core Total USD Bond Market ETF Stock Performance

Shares of iShares Core Total USD Bond Market ETF stock opened at $46.84 on Tuesday. iShares Core Total USD Bond Market ETF has a 52-week low of $44.67 and a 52-week high of $47.03. The stock has a market capitalization of $33.18 billion, a price-to-earnings ratio of 10.80 and a beta of 0.15. The company has a fifty day moving average of $46.50 and a 200-day moving average of $45.98.

iShares Core Total USD Bond Market ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were issued a dividend of $0.1668 per share. The ex-dividend date was Wednesday, October 1st. This represents a c) dividend on an annualized basis and a yield of 4.3%. This is an increase from iShares Core Total USD Bond Market ETF’s previous monthly dividend of $0.16.

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.