Merit Financial Group LLC Sells 127,521 Shares of iShares Core Total USD Bond Market ETF (NASDAQ:IUSB)

Merit Financial Group LLC lowered its stake in shares of iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 29.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 300,285 shares of the company’s stock after selling 127,521 shares during the period. Merit Financial Group LLC’s holdings in iShares Core Total USD Bond Market ETF were worth $13,834,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Parkside Financial Bank & Trust acquired a new position in iShares Core Total USD Bond Market ETF during the fourth quarter worth approximately $27,000. Planned Solutions Inc. acquired a new position in shares of iShares Core Total USD Bond Market ETF during the 4th quarter worth approximately $28,000. Simplex Trading LLC bought a new stake in iShares Core Total USD Bond Market ETF in the 4th quarter valued at $30,000. Asset Dedication LLC acquired a new stake in iShares Core Total USD Bond Market ETF during the 3rd quarter valued at $37,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in iShares Core Total USD Bond Market ETF during the fourth quarter worth $43,000.

iShares Core Total USD Bond Market ETF Price Performance

Shares of IUSB traded up $0.22 during trading hours on Friday, hitting $44.82. The company had a trading volume of 2,964,436 shares, compared to its average volume of 3,368,115. The business has a fifty day moving average of $45.06 and a 200-day moving average of $44.95. iShares Core Total USD Bond Market ETF has a 12 month low of $42.56 and a 12 month high of $46.40.

iShares Core Total USD Bond Market ETF Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Thursday, May 2nd will be issued a $0.1498 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $1.80 annualized dividend and a yield of 4.01%.

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.