iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) Sets New 52-Week Low – Should You Sell?

iShares Core Total USD Bond Market ETF (NASDAQ:IUSBGet Free Report) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as $45.38 and last traded at $45.40, with a volume of 779615 shares trading hands. The stock had previously closed at $45.54.

iShares Core Total USD Bond Market ETF Trading Down 0.2%

The company has a 50 day moving average price of $45.89 and a 200 day moving average price of $46.24. The company has a market capitalization of $42.98 billion, a P/E ratio of 10.80 and a beta of 0.26.

iShares Core Total USD Bond Market ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a $0.164 dividend. This is a boost from iShares Core Total USD Bond Market ETF’s previous monthly dividend of $0.15. The ex-dividend date was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 4.3%.

Hedge Funds Weigh In On iShares Core Total USD Bond Market ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IUSB. CIBC Private Wealth Group LLC bought a new position in shares of iShares Core Total USD Bond Market ETF in the third quarter valued at about $27,000. Decker Retirement Planning Inc. acquired a new stake in shares of iShares Core Total USD Bond Market ETF during the 4th quarter worth about $30,000. Mcguire Capital Advisors Inc. bought a new stake in shares of iShares Core Total USD Bond Market ETF during the 4th quarter worth about $30,000. Hurley Capital LLC bought a new stake in shares of iShares Core Total USD Bond Market ETF during the 4th quarter worth about $33,000. Finally, Advocate Investing Services LLC acquired a new position in iShares Core Total USD Bond Market ETF in the 1st quarter valued at about $42,000.

About iShares Core Total USD Bond Market ETF

(Get Free Report)

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.

Further Reading

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