Northwestern Mutual Wealth Management Co. Boosts Stock Holdings in iShares Core Total USD Bond Market ETF $IUSB

Northwestern Mutual Wealth Management Co. boosted its stake in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 5.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,317,154 shares of the company’s stock after purchasing an additional 1,330,484 shares during the quarter. iShares Core Total USD Bond Market ETF comprises approximately 0.8% of Northwestern Mutual Wealth Management Co.’s holdings, making the stock its 20th largest holding. Northwestern Mutual Wealth Management Co. owned 3.37% of iShares Core Total USD Bond Market ETF worth $1,124,182,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. HB Wealth Management LLC boosted its stake in iShares Core Total USD Bond Market ETF by 8.5% during the first quarter. HB Wealth Management LLC now owns 7,134 shares of the company’s stock valued at $329,000 after buying an additional 556 shares during the last quarter. N.E.W. Advisory Services LLC bought a new stake in iShares Core Total USD Bond Market ETF in the first quarter worth $50,000. Geneos Wealth Management Inc. raised its stake in iShares Core Total USD Bond Market ETF by 43.5% during the first quarter. Geneos Wealth Management Inc. now owns 58,581 shares of the company’s stock valued at $2,699,000 after purchasing an additional 17,761 shares in the last quarter. Arkadios Wealth Advisors lifted its position in iShares Core Total USD Bond Market ETF by 36.5% during the first quarter. Arkadios Wealth Advisors now owns 89,309 shares of the company’s stock valued at $4,115,000 after purchasing an additional 23,884 shares during the last quarter. Finally, NorthRock Partners LLC increased its holdings in shares of iShares Core Total USD Bond Market ETF by 379.1% in 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 last quarter.

iShares Core Total USD Bond Market ETF Trading Up 0.1%

Shares of NASDAQ IUSB opened at $47.02 on Friday. The firm’s 50-day moving average price is $46.79 and its 200-day moving average price is $46.25. The stock has a market capitalization of $33.42 billion, a price-to-earnings ratio of 10.80 and a beta of 0.26. iShares Core Total USD Bond Market ETF has a 12-month low of $44.67 and a 12-month high of $47.20.

iShares Core Total USD Bond Market ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, November 6th. Stockholders of record on Monday, November 3rd were issued a $0.1643 dividend. The ex-dividend date was Monday, November 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

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.