iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) Share Price Break Below Fifty Day Moving Average – Time to Sell?

iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) shares passed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $44.74 and traded as low as $44.65. iShares Core Total USD Bond Market ETF shares last traded at $44.69, with a volume of 5,059,592 shares.

iShares Core Total USD Bond Market ETF Stock Down 0.2%

The stock has a market cap of $49.62 billion, a price-to-earnings ratio of 10.80 and a beta of 0.27. The stock has a fifty day moving average of $44.74 and a two-hundred day moving average of $45.82.

iShares Core Total USD Bond Market ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were paid a dividend of $0.1544 per share. The ex-dividend date was Thursday, October 1st. This represents a $1.85 annualized dividend and a yield of 4.1%.

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

Several hedge funds and other institutional investors have recently modified their holdings of IUSB. Absolute Capital Management LLC grew its stake in shares of iShares Core Total USD Bond Market ETF by 32.6% during the third quarter. Absolute Capital Management LLC now owns 138,135 shares of the company’s stock valued at $6,090,000 after acquiring an additional 33,974 shares in the last quarter. Retirement Wealth Solutions LLC lifted its stake in shares of iShares Core Total USD Bond Market ETF by 23.5% in the third quarter. Retirement Wealth Solutions LLC now owns 122,211 shares of the company’s stock worth $5,388,000 after acquiring an additional 23,263 shares in the last quarter. Kickstand Ventures LLC. lifted its stake in shares of iShares Core Total USD Bond Market ETF by 18.0% in the second quarter. Kickstand Ventures LLC. now owns 209,082 shares of the company’s stock worth $9,649,000 after acquiring an additional 31,857 shares in the last quarter. Balance Wealth Partners LLC lifted its stake in shares of iShares Core Total USD Bond Market ETF by 12.4% in the second quarter. Balance Wealth Partners LLC now owns 100,699 shares of the company’s stock worth $4,647,000 after acquiring an additional 11,145 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in iShares Core Total USD Bond Market ETF by 34.0% in the second quarter. NewEdge Advisors LLC now owns 4,136,795 shares of the company’s stock valued at $191,018,000 after purchasing an additional 1,049,332 shares during the last quarter.

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.