iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) Hits New 1-Year Low – Time to Sell?

Shares of iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) hit a new 52-week low during trading on Tuesday . The company traded as low as $45.32 and last traded at $45.37, with a volume of 175357 shares changing hands. The stock had previously closed at $45.39.

iShares Core Total USD Bond Market ETF Stock Performance

The stock has a market cap of $43.22 billion, a P/E ratio of 10.80 and a beta of 0.26. The business’s 50-day moving average price is $45.76 and its 200-day moving average price is $46.13.

iShares Core Total USD Bond Market ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.1686 per share. The ex-dividend date of this dividend was Monday, August 3rd.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN increased its holdings in iShares Core Total USD Bond Market ETF by 2.9% in the 4th quarter. Wells Fargo & Company MN now owns 47,946,578 shares of the company’s stock worth $2,231,434,000 after acquiring an additional 1,331,490 shares in the last quarter. LPL Financial LLC raised its stake in iShares Core Total USD Bond Market ETF by 2.2% during the 4th quarter. LPL Financial LLC now owns 45,507,455 shares of the company’s stock worth $2,117,917,000 after acquiring an additional 966,130 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in iShares Core Total USD Bond Market ETF by 10.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 33,421,651 shares of the company’s stock valued at $1,542,409,000 after purchasing an additional 3,083,604 shares in the last quarter. Morgan Stanley lifted its holdings in iShares Core Total USD Bond Market ETF by 8.5% during the fourth quarter. Morgan Stanley now owns 24,700,344 shares of the company’s stock valued at $1,149,554,000 after purchasing an additional 1,931,838 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its position in shares of iShares Core Total USD Bond Market ETF by 35.1% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 16,937,298 shares of the company’s stock worth $781,656,000 after purchasing an additional 4,399,948 shares during the period.

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.