Bush Investment Group LLC Reduces Stock Position in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB)

Bush Investment Group LLC reduced its holdings in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 10.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,623 shares of the company’s stock after selling 7,171 shares during the period. iShares Core Total USD Bond Market ETF makes up about 2.3% of Bush Investment Group LLC’s investment portfolio, making the stock its 10th largest position. Bush Investment Group LLC’s holdings in iShares Core Total USD Bond Market ETF were worth $2,921,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of IUSB. Jones Financial Companies Lllp grew its position in iShares Core Total USD Bond Market ETF by 12.2% in the 4th quarter. Jones Financial Companies Lllp now owns 60,525,582 shares of the company’s stock worth $2,735,756,000 after purchasing an additional 6,586,279 shares during the last quarter. LPL Financial LLC grew its position in iShares Core Total USD Bond Market ETF by 13.5% during the fourth quarter. LPL Financial LLC now owns 44,646,696 shares of the company’s stock worth $2,018,031,000 after buying an additional 5,315,980 shares in the last quarter. Wells Fargo & Company MN increased its stake in iShares Core Total USD Bond Market ETF by 6.2% during the fourth quarter. Wells Fargo & Company MN now owns 42,531,915 shares of the company’s stock valued at $1,922,443,000 after acquiring an additional 2,496,641 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of iShares Core Total USD Bond Market ETF by 14.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,716,912 shares of the company’s stock worth $976,181,000 after purchasing an additional 2,651,218 shares in the last quarter. Finally, MML Investors Services LLC increased its position in shares of iShares Core Total USD Bond Market ETF by 22.2% during the third quarter. MML Investors Services LLC now owns 8,454,621 shares of the company’s stock valued at $398,382,000 after purchasing an additional 1,535,400 shares during the period.

iShares Core Total USD Bond Market ETF Price Performance

Shares of IUSB stock opened at $46.19 on Monday. iShares Core Total USD Bond Market ETF has a one year low of $44.21 and a one year high of $47.44. The stock has a fifty day moving average price of $45.77 and a 200 day moving average price of $45.82. The stock has a market cap of $33.17 billion, a P/E ratio of 10.97 and a beta of 0.25.

iShares Core Total USD Bond Market ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were given a dividend of $0.162 per share. This is a positive change from iShares Core Total USD Bond Market ETF’s previous monthly dividend of $0.16. This represents a $1.94 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend was Tuesday, April 1st.

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.