KWB Wealth Sells 76,914 Shares of iShares Core Total USD Bond Market ETF (NASDAQ:IUSB)

KWB Wealth lowered its position in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 23.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 254,806 shares of the company’s stock after selling 76,914 shares during the period. iShares Core Total USD Bond Market ETF accounts for about 1.4% of KWB Wealth’s holdings, making the stock its 17th biggest position. KWB Wealth’s holdings in iShares Core Total USD Bond Market ETF were worth $11,517,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Synergy Investment Management LLC bought a new stake in iShares Core Total USD Bond Market ETF during the fourth quarter worth $29,000. Investors Research Corp raised its position in iShares Core Total USD Bond Market ETF by 212.9% in the 1st quarter. Investors Research Corp now owns 657 shares of the company’s stock valued at $30,000 after buying an additional 447 shares during the last quarter. MassMutual Private Wealth & Trust FSB purchased a new stake in iShares Core Total USD Bond Market ETF in the 1st quarter valued at $38,000. National Bank of Canada FI purchased a new stake in iShares Core Total USD Bond Market ETF in the 4th quarter valued at $45,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in iShares Core Total USD Bond Market ETF in the 4th quarter valued at $60,000.

iShares Core Total USD Bond Market ETF Trading Up 0.6%

NASDAQ IUSB opened at $45.66 on Thursday. The firm has a market capitalization of $32.86 billion, a P/E ratio of 10.82 and a beta of 0.15. The business has a fifty day simple moving average of $45.58 and a 200 day simple moving average of $45.58. iShares Core Total USD Bond Market ETF has a 12 month low of $44.67 and a 12 month high of $47.44.

iShares Core Total USD Bond Market ETF Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.1651 per share. The ex-dividend date is Monday, June 2nd. This is a positive change from iShares Core Total USD Bond Market ETF’s previous dividend of $0.16.

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.