iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) Hits New 52-Week Low – Time to Sell?

iShares Core Total USD Bond Market ETF (NASDAQ:IUSB)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $45.38 and last traded at $45.40, with a volume of 779615 shares changing hands. The stock had previously closed at $45.54.

iShares Core Total USD Bond Market ETF Stock Performance

The company has a 50-day simple moving average of $45.90 and a 200-day simple moving average of $46.25. The stock has a market cap of $42.91 billion, a P/E ratio of 10.80 and a beta of 0.26.

iShares Core Total USD Bond Market ETF Increases Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its position in shares of iShares Core Total USD Bond Market ETF by 2.9% in the 4th quarter. Wells Fargo & Company MN now owns 47,946,578 shares of the company’s stock worth $2,231,434,000 after purchasing an additional 1,331,490 shares during the last quarter. LPL Financial LLC raised its position in iShares Core Total USD Bond Market ETF by 2.2% in the 4th quarter. LPL Financial LLC now owns 45,507,455 shares of the company’s stock valued at $2,117,917,000 after buying an additional 966,130 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of iShares Core Total USD Bond Market ETF by 8.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 28,622,754 shares of the company’s stock worth $1,332,103,000 after purchasing an additional 2,324,731 shares in the last quarter. Morgan Stanley boosted its holdings in iShares Core Total USD Bond Market ETF by 8.5% during the fourth quarter. Morgan Stanley now owns 24,700,344 shares of the company’s stock worth $1,149,554,000 after purchasing an additional 1,931,838 shares during the last quarter. Finally, CWM LLC grew its position in iShares Core Total USD Bond Market ETF by 0.5% in the fourth quarter. CWM LLC now owns 17,194,171 shares of the company’s stock valued at $800,217,000 after purchasing an additional 85,428 shares in the last quarter.

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.