Burt Wealth Advisors Sells 862 Shares of iShares Core Total USD Bond Market ETF (NASDAQ:IUSB)

Burt Wealth Advisors trimmed its holdings in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 4.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 16,877 shares of the company’s stock after selling 862 shares during the quarter. Burt Wealth Advisors’ holdings in iShares Core Total USD Bond Market ETF were worth $795,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Aspire Wealth Management Corp boosted its position in shares of iShares Core Total USD Bond Market ETF by 36.5% during the third quarter. Aspire Wealth Management Corp now owns 22,166 shares of the company’s stock worth $1,044,000 after acquiring an additional 5,929 shares during the last quarter. Bensler LLC bought a new position in shares of iShares Core Total USD Bond Market ETF during the 3rd quarter valued at about $17,753,000. JB Capital LLC boosted its holdings in shares of iShares Core Total USD Bond Market ETF by 23.9% during the 3rd quarter. JB Capital LLC now owns 3,337,668 shares of the company’s stock valued at $157,271,000 after purchasing an additional 644,247 shares during the last quarter. LGT Financial Advisors LLC grew its position in shares of iShares Core Total USD Bond Market ETF by 18.2% during the third quarter. LGT Financial Advisors LLC now owns 1,421 shares of the company’s stock valued at $67,000 after purchasing an additional 219 shares in the last quarter. Finally, Concurrent Investment Advisors LLC increased its holdings in shares of iShares Core Total USD Bond Market ETF by 12.2% in the third quarter. Concurrent Investment Advisors LLC now owns 97,534 shares of the company’s stock worth $4,596,000 after purchasing an additional 10,578 shares during the last quarter.

iShares Core Total USD Bond Market ETF Price Performance

Shares of NASDAQ:IUSB traded up $0.13 during mid-day trading on Friday, reaching $45.97. The stock had a trading volume of 7,913,478 shares, compared to its average volume of 3,005,909. The business’s 50 day moving average price is $46.61 and its 200 day moving average price is $45.88. iShares Core Total USD Bond Market ETF has a 1 year low of $43.44 and a 1 year high of $47.44.

iShares Core Total USD Bond Market ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were given a dividend of $0.1577 per share. This is an increase from iShares Core Total USD Bond Market ETF’s previous monthly dividend of $0.16. This represents a $1.89 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date of this dividend was Friday, November 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.