Absolute Capital Management LLC Has $2.62 Million Stake in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB)

Absolute Capital Management LLC decreased its position in shares of iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 10.2% during the 4th quarter, HoldingsChannel reports. The fund owned 58,023 shares of the company’s stock after selling 6,586 shares during the period. iShares Core Total USD Bond Market ETF comprises approximately 1.5% of Absolute Capital Management LLC’s portfolio, making the stock its 19th largest holding. Absolute Capital Management LLC’s holdings in iShares Core Total USD Bond Market ETF were worth $2,624,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. SWAN Capital LLC acquired a new stake in shares of iShares Core Total USD Bond Market ETF during the 3rd quarter valued at $25,000. Synergy Investment Management LLC acquired a new stake in shares of iShares Core Total USD Bond Market ETF during the 4th quarter valued at $29,000. Darwin Wealth Management LLC acquired a new stake in shares of iShares Core Total USD Bond Market ETF during the 3rd quarter valued at $32,000. First Financial Corp IN acquired a new stake in shares of iShares Core Total USD Bond Market ETF during the 4th quarter valued at $35,000. Finally, New Millennium Group LLC acquired a new stake in shares of iShares Core Total USD Bond Market ETF during the 4th quarter valued at $38,000.

iShares Core Total USD Bond Market ETF Stock Up 0.1 %

NASDAQ IUSB opened at $46.04 on Friday. The company has a market cap of $32.75 billion, a price-to-earnings ratio of 10.90 and a beta of 0.15. iShares Core Total USD Bond Market ETF has a twelve month low of $44.21 and a twelve month high of $47.44. The business’s fifty day moving average is $45.57 and its 200 day moving average is $45.92.

iShares Core Total USD Bond Market ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.1553 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from iShares Core Total USD Bond Market ETF’s previous dividend of $0.15.

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.