iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) Sees Strong Trading Volume – Here’s Why

Shares of iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) saw unusually-high trading volume on Tuesday . Approximately 8,537,851 shares were traded during trading, an increase of 181% from the previous session’s volume of 3,035,879 shares.The stock last traded at $45.41 and had previously closed at $45.51.

iShares Core Total USD Bond Market ETF Price Performance

The stock’s fifty day simple moving average is $45.69 and its two-hundred day simple moving average is $45.60. The company has a market capitalization of $32.82 billion, a price-to-earnings ratio of 10.82 and a beta of 0.26.

iShares Core Total USD Bond Market ETF Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, May 6th. Investors of record on Thursday, May 1st were given a $0.1612 dividend. The ex-dividend date of this dividend was Thursday, May 1st. This is a positive change from iShares Core Total USD Bond Market ETF’s previous dividend of $0.16.

Hedge Funds Weigh In On iShares Core Total USD Bond Market ETF

Several hedge funds have recently made changes to their positions in IUSB. Jones Financial Companies Lllp raised its stake in iShares Core Total USD Bond Market ETF by 12.2% during the 4th quarter. Jones Financial Companies Lllp now owns 60,525,582 shares of the company’s stock valued at $2,735,756,000 after purchasing an additional 6,586,279 shares during the period. LPL Financial LLC grew its holdings in shares of 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 valued at $2,018,031,000 after buying an additional 5,315,980 shares in the last quarter. Life Planning Partners Inc raised its position in iShares Core Total USD Bond Market ETF by 4,352.9% during the fourth quarter. Life Planning Partners Inc now owns 4,380,903 shares of the company’s stock valued at $198,017,000 after buying an additional 4,282,520 shares during the period. Raymond James Financial Inc. purchased a new stake in iShares Core Total USD Bond Market ETF in the 4th quarter worth about $183,980,000. Finally, JPMorgan Chase & Co. boosted its position in 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 acquiring an additional 2,651,218 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.