Renasant Bank Grows Position in iShares Core Total USD Bond Market ETF $IUSB

Renasant Bank grew its holdings in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 842.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 41,356 shares of the company’s stock after buying an additional 36,969 shares during the quarter. iShares Core Total USD Bond Market ETF makes up 1.2% of Renasant Bank’s holdings, making the stock its 23rd biggest holding. Renasant Bank’s holdings in iShares Core Total USD Bond Market ETF were worth $1,932,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IUSB. Jones Financial Companies Lllp raised its holdings in iShares Core Total USD Bond Market ETF by 6.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 71,364,109 shares of the company’s stock valued at $3,327,011,000 after acquiring an additional 4,589,650 shares during the last quarter. Gallagher Fiduciary Advisors LLC boosted its holdings in shares of iShares Core Total USD Bond Market ETF by 3,595.7% during the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 3,377,749 shares of the company’s stock worth $156,153,000 after purchasing an additional 3,286,352 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of iShares Core Total USD Bond Market ETF by 3,347.5% in the third quarter. Thrivent Financial for Lutherans now owns 1,862,672 shares of the company’s stock valued at $87,006,000 after purchasing an additional 1,808,643 shares in the last quarter. Spire Wealth Management grew its position in shares of iShares Core Total USD Bond Market ETF by 1,276.8% in the second quarter. Spire Wealth Management now owns 1,888,940 shares of the company’s stock valued at $86,970,000 after purchasing an additional 1,751,742 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares Core Total USD Bond Market ETF by 5.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 24,317,154 shares of the company’s stock valued at $1,124,182,000 after purchasing an additional 1,330,484 shares during the last quarter.

iShares Core Total USD Bond Market ETF Stock Performance

NASDAQ IUSB opened at $46.67 on Friday. The stock’s fifty day moving average is $46.62 and its two-hundred day moving average is $46.59. The firm has a market capitalization of $35.10 billion, a P/E ratio of 10.80 and a beta of 0.26. iShares Core Total USD Bond Market ETF has a fifty-two week low of $44.74 and a fifty-two week high of $47.20.

iShares Core Total USD Bond Market ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a dividend of $0.165 per share. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, February 2nd. This is a positive change 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.