iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) Hits New 12-Month Low – Time to Sell?

iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $44.67 and last traded at $44.67, with a volume of 978417 shares. The stock had previously closed at $44.92.

iShares Core Total USD Bond Market ETF Stock Down 0.8%

The company’s 50-day moving average is $45.36 and its 200 day moving average is $45.85. The company has a market cap of $43.64 billion, a price-to-earnings ratio of 10.80 and a beta of 0.26.

iShares Core Total USD Bond Market ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were paid a dividend of $0.168 per share. The ex-dividend date of this dividend was Tuesday, September 1st.

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

Several institutional investors and hedge funds have recently modified their holdings of the business. Balance Wealth Partners LLC increased its position in shares of iShares Core Total USD Bond Market ETF by 12.4% in the second quarter. Balance Wealth Partners LLC now owns 100,699 shares of the company’s stock valued at $4,647,000 after buying an additional 11,145 shares in the last quarter. LCW Services LLC purchased a new position in shares of iShares Core Total USD Bond Market ETF during the 4th quarter valued at approximately $3,166,000. Balefire LLC grew its stake in iShares Core Total USD Bond Market ETF by 447.0% in the 2nd quarter. Balefire LLC now owns 120,307 shares of the company’s stock valued at $5,552,000 after acquiring an additional 98,312 shares during the period. Sovereign Investment Advisors LLC acquired a new stake in iShares Core Total USD Bond Market ETF in the 4th quarter valued at $841,000. Finally, M Holdings Securities Inc. purchased a new stake in iShares Core Total USD Bond Market ETF in the 4th quarter worth $2,139,000.

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.