UNIVEST FINANCIAL Corp Buys 104,619 Shares of iShares Core Total USD Bond Market ETF $IUSB

UNIVEST FINANCIAL Corp increased its stake in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 10.5% in the first quarter, HoldingsChannel.com reports. The firm owned 1,101,390 shares of the company’s stock after acquiring an additional 104,619 shares during the quarter. iShares Core Total USD Bond Market ETF accounts for 2.9% of UNIVEST FINANCIAL Corp’s portfolio, making the stock its 9th largest position. UNIVEST FINANCIAL Corp’s holdings in iShares Core Total USD Bond Market ETF were worth $50,873,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CIBC Private Wealth Group LLC purchased a new stake in iShares Core Total USD Bond Market ETF during the third quarter worth about $27,000. Decker Retirement Planning Inc. purchased a new position in iShares Core Total USD Bond Market ETF in the fourth quarter valued at about $30,000. Mcguire Capital Advisors Inc. purchased a new position in iShares Core Total USD Bond Market ETF in the fourth quarter valued at about $30,000. Hurley Capital LLC acquired a new stake in shares of iShares Core Total USD Bond Market ETF during the 4th quarter valued at approximately $33,000. Finally, Advocate Investing Services LLC acquired a new stake in shares of iShares Core Total USD Bond Market ETF during the 1st quarter valued at approximately $42,000.

iShares Core Total USD Bond Market ETF Trading Down 0.1%

Shares of NASDAQ:IUSB traded down $0.04 during trading on Friday, hitting $45.74. 2,894,464 shares of the stock were exchanged, compared to its average volume of 4,534,737. The company has a market cap of $42.65 billion, a PE ratio of 10.80 and a beta of 0.26. The company has a fifty day moving average price of $45.99 and a two-hundred day moving average price of $46.35. iShares Core Total USD Bond Market ETF has a 12-month low of $45.47 and a 12-month high of $47.23.

iShares Core Total USD Bond Market ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.164 per share. The ex-dividend date was Wednesday, July 1st. This is a positive change 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 yield of 4.3%.

iShares Core Total USD Bond Market ETF 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.