Hobbs Wealth Management LLC Makes New $2.13 Million Investment in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB)

Hobbs Wealth Management LLC acquired a new position in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) during the fourth quarter, Holdings Channel reports. The firm acquired 47,056 shares of the company’s stock, valued at approximately $2,127,000. iShares Core Total USD Bond Market ETF makes up approximately 2.4% of Hobbs Wealth Management LLC’s holdings, making the stock its 10th biggest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Synergy Investment Management LLC bought a new stake in iShares Core Total USD Bond Market ETF in the fourth quarter worth about $29,000. First Financial Corp IN bought a new stake in shares of iShares Core Total USD Bond Market ETF in the 4th quarter worth approximately $35,000. New Millennium Group LLC acquired a new stake in iShares Core Total USD Bond Market ETF during the fourth quarter valued at approximately $38,000. Beaird Harris Wealth Management LLC boosted its holdings in iShares Core Total USD Bond Market ETF by 168.4% during the third quarter. Beaird Harris Wealth Management LLC now owns 942 shares of the company’s stock worth $44,000 after buying an additional 591 shares in the last quarter. Finally, OLD Second National Bank of Aurora grew its position in iShares Core Total USD Bond Market ETF by 99,900.0% in the fourth quarter. OLD Second National Bank of Aurora now owns 1,000 shares of the company’s stock worth $45,000 after buying an additional 999 shares during the last quarter.

iShares Core Total USD Bond Market ETF Stock Performance

Shares of NASDAQ:IUSB opened at $45.16 on Friday. The company has a market capitalization of $32.43 billion, a PE ratio of 10.97 and a beta of 0.15. The stock has a fifty day moving average of $45.77 and a 200-day moving average of $45.76. iShares Core Total USD Bond Market ETF has a one year low of $44.21 and a one year high of $47.44.

iShares Core Total USD Bond Market ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were issued a dividend of $0.162 per share. This represents a $1.94 annualized dividend and a dividend yield of 4.31%. This is an increase from iShares Core Total USD Bond Market ETF’s previous monthly dividend of $0.16. The ex-dividend date of this dividend was Tuesday, April 1st.

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.