Valmark Advisers Inc. Sells 2,699 Shares of iShares Core Total USD Bond Market ETF $IUSB

Valmark Advisers Inc. decreased its stake in shares of iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 17.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 12,914 shares of the company’s stock after selling 2,699 shares during the quarter. Valmark Advisers Inc.’s holdings in iShares Core Total USD Bond Market ETF were worth $597,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. CX Institutional bought a new stake in shares of iShares Core Total USD Bond Market ETF during the 1st quarter worth about $41,000. AlphaCore Capital LLC bought a new stake in shares of iShares Core Total USD Bond Market ETF during the 1st quarter worth about $47,000. N.E.W. Advisory Services LLC bought a new stake in shares of iShares Core Total USD Bond Market ETF during the 1st quarter worth about $50,000. NorthRock Partners LLC boosted its holdings in shares of iShares Core Total USD Bond Market ETF by 379.1% during the 1st quarter. NorthRock Partners LLC now owns 1,418 shares of the company’s stock worth $65,000 after buying an additional 1,122 shares during the period. Finally, Quest 10 Wealth Builders Inc. boosted its holdings in shares of iShares Core Total USD Bond Market ETF by 233.9% during the 1st quarter. Quest 10 Wealth Builders Inc. now owns 1,666 shares of the company’s stock worth $77,000 after buying an additional 1,167 shares during the period.

iShares Core Total USD Bond Market ETF Stock Performance

Shares of IUSB stock opened at $46.60 on Friday. The company has a market capitalization of $33.03 billion, a price-to-earnings ratio of 10.80 and a beta of 0.15. iShares Core Total USD Bond Market ETF has a 52 week low of $44.67 and a 52 week high of $47.03. The company has a 50-day simple moving average of $46.48 and a 200 day simple moving average of $45.96.

iShares Core Total USD Bond Market ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were issued a $0.1668 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a c) dividend on an annualized basis and a yield of 4.3%. This is an increase from iShares Core Total USD Bond Market ETF’s previous monthly dividend of $0.16.

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.