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:IUSB – Get Free Report) hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $44.67 and last traded at $44.67, with a volume of 978417 shares traded. The stock had previously closed at $44.92.

iShares Core Total USD Bond Market ETF Trading Down 0.5%

The stock has a market capitalization of $43.50 billion, a PE ratio of 10.80 and a beta of 0.26. The company’s 50 day simple moving average is $45.31 and its 200 day simple moving average is $45.82.

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iShares Core Total USD Bond Market ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were issued a dividend of $0.1680 per share. This is a negative change from iShares Core Total USD Bond Market ETF’s previous dividend of $0.1686. The ex-dividend date was Tuesday, September 1st.

Institutional Investors Weigh In On iShares Core Total USD Bond Market ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in IUSB. Envestnet Asset Management Inc. increased its stake in iShares Core Total USD Bond Market ETF by 35.3% in the second quarter. Envestnet Asset Management Inc. now owns 180,016,371 shares of the company’s stock valued at $8,307,768,000 after purchasing an additional 46,935,169 shares during the last quarter. Cahill Financial Advisors Inc. grew its holdings in iShares Core Total USD Bond Market ETF by 3.2% in the 2nd quarter. Cahill Financial Advisors Inc. now owns 23,564 shares of the company’s stock valued at $1,088,000 after buying an additional 737 shares during the period. Capital Analysts LLC increased its stake in shares of iShares Core Total USD Bond Market ETF by 54.7% during the 2nd quarter. Capital Analysts LLC now owns 715,985 shares of the company’s stock valued at $33,043,000 after acquiring an additional 253,113 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of iShares Core Total USD Bond Market ETF by 13.1% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 1,479,358 shares of the company’s stock valued at $68,289,000 after acquiring an additional 171,542 shares during the last quarter. Finally, RFG Advisory LLC lifted its holdings in shares of iShares Core Total USD Bond Market ETF by 7.1% during the 2nd quarter. RFG Advisory LLC now owns 119,805 shares of the company’s stock worth $5,529,000 after acquiring an additional 7,937 shares during the period.

iShares Core Total USD Bond Market ETF Company Profile

(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.

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