iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) Sees Strong Trading Volume – Time to Buy?

iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) shares saw strong trading volume on Tuesday . 2,701,390 shares changed hands during mid-day trading, a decline of 11% from the previous session’s volume of 3,037,249 shares.The stock last traded at $46.6750 and had previously closed at $46.60.

iShares Core Total USD Bond Market ETF Price Performance

The company’s 50-day moving average price is $46.78 and its 200-day moving average price is $46.20. The company has a market cap of $33.18 billion, a P/E ratio of 10.80 and a beta of 0.26.

iShares Core Total USD Bond Market ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, November 6th. Stockholders of record on Monday, November 3rd were issued a $0.1643 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Monday, November 3rd.

Institutional Investors Weigh In On iShares Core Total USD Bond Market ETF

Several institutional investors have recently bought and sold shares of the company. Team Financial Group LLC boosted its stake in shares of iShares Core Total USD Bond Market ETF by 54.4% during the 3rd quarter. Team Financial Group LLC now owns 619 shares of the company’s stock worth $29,000 after buying an additional 218 shares during the last quarter. Chapman Financial Group LLC acquired a new position in shares of iShares Core Total USD Bond Market ETF during the 3rd quarter worth approximately $31,000. Collier Financial acquired a new position in shares of iShares Core Total USD Bond Market ETF during the 3rd quarter worth approximately $32,000. Richardson Capital Management LLC bought a new stake in shares of iShares Core Total USD Bond Market ETF during the 3rd quarter worth approximately $43,000. Finally, AlphaCore Capital LLC acquired a new stake in shares of iShares Core Total USD Bond Market ETF in the 1st quarter valued at approximately $47,000.

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.