iShares Core Total USD Bond Market ETF $IUSB Shares Sold by Bush Investment Group LLC

Bush Investment Group LLC cut its stake in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 19.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 52,467 shares of the company’s stock after selling 12,319 shares during the period. iShares Core Total USD Bond Market ETF accounts for approximately 1.6% of Bush Investment Group LLC’s portfolio, making the stock its 17th largest position. Bush Investment Group LLC’s holdings in iShares Core Total USD Bond Market ETF were worth $2,426,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Investors Research Corp boosted its position in shares of iShares Core Total USD Bond Market ETF by 212.9% in the first quarter. Investors Research Corp now owns 657 shares of the company’s stock worth $30,000 after acquiring an additional 447 shares during the last quarter. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of iShares Core Total USD Bond Market ETF in the first quarter worth approximately $38,000. CX Institutional acquired a new position in iShares Core Total USD Bond Market ETF during the first quarter valued at approximately $41,000. AlphaCore Capital LLC acquired a new position in iShares Core Total USD Bond Market ETF during the first quarter valued at approximately $47,000. Finally, N.E.W. Advisory Services LLC acquired a new position in iShares Core Total USD Bond Market ETF during the first quarter valued at approximately $50,000.

iShares Core Total USD Bond Market ETF Stock Down 0.1%

Shares of IUSB stock opened at $46.82 on Friday. The stock has a market cap of $33.77 billion, a price-to-earnings ratio of 10.80 and a beta of 0.15. iShares Core Total USD Bond Market ETF has a fifty-two week low of $44.67 and a fifty-two week high of $47.44. The firm’s 50 day moving average price is $46.15 and its two-hundred day moving average price is $45.87.

iShares Core Total USD Bond Market ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, September 5th. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.1636 per share. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Tuesday, September 2nd.

About iShares Core Total USD Bond Market ETF

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.