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 an uptick in trading volume on Thursday . 5,766,559 shares changed hands during trading, an increase of 77% from the previous session’s volume of 3,255,634 shares.The stock last traded at $46.14 and had previously closed at $46.04.

iShares Core Total USD Bond Market ETF Trading Up 0.3%

The firm’s 50-day moving average is $46.14 and its 200 day moving average is $46.50. The firm has a market capitalization of $36.54 billion, a price-to-earnings ratio of 10.80 and a beta of 0.27.

iShares Core Total USD Bond Market ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were given a $0.1629 dividend. The ex-dividend date was Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of IUSB. Johnson Financial Group Inc. lifted its position in shares of iShares Core Total USD Bond Market ETF by 7,027.0% in the 1st quarter. Johnson Financial Group Inc. now owns 5,053,447 shares of the company’s stock worth $233,419,000 after purchasing an additional 4,982,541 shares during the period. Jones Financial Companies Lllp lifted its position in shares of iShares Core Total USD Bond Market ETF by 6.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 71,364,109 shares of the company’s stock worth $3,327,011,000 after purchasing an additional 4,589,650 shares during the period. Align Financial LLC acquired a new position in shares of iShares Core Total USD Bond Market ETF in the 4th quarter worth approximately $132,644,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of iShares Core Total USD Bond Market ETF by 8.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 28,622,754 shares of the company’s stock worth $1,332,103,000 after purchasing an additional 2,324,731 shares during the period. Finally, Symmetry Partners LLC acquired a new position in shares of iShares Core Total USD Bond Market ETF in the 4th quarter worth approximately $104,011,000.

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.