Kovack Advisors Inc. Grows Position in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB)

Kovack Advisors Inc. boosted its position in shares of iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 4.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,557 shares of the company’s stock after purchasing an additional 227 shares during the period. Kovack Advisors Inc.’s holdings in iShares Core Total USD Bond Market ETF were worth $262,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Creative Planning grew its stake in shares of iShares Core Total USD Bond Market ETF by 8.0% during the third quarter. Creative Planning now owns 54,714 shares of the company’s stock valued at $2,578,000 after buying an additional 4,037 shares during the last quarter. McAdam LLC boosted its holdings in iShares Core Total USD Bond Market ETF by 2.0% during the 2nd quarter. McAdam LLC now owns 11,797 shares of the company’s stock valued at $533,000 after acquiring an additional 227 shares during the period. Western Wealth Management LLC grew its position in iShares Core Total USD Bond Market ETF by 1.5% in the 2nd quarter. Western Wealth Management LLC now owns 40,141 shares of the company’s stock valued at $1,815,000 after acquiring an additional 597 shares during the last quarter. Alternative Investment Advisors LLC. purchased a new stake in iShares Core Total USD Bond Market ETF in the second quarter worth $1,995,000. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of iShares Core Total USD Bond Market ETF by 3.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 10,839 shares of the company’s stock worth $490,000 after purchasing an additional 374 shares during the last quarter.

iShares Core Total USD Bond Market ETF Price Performance

Shares of IUSB opened at $45.52 on Friday. The firm has a fifty day moving average price of $46.49 and a 200-day moving average price of $45.92. iShares Core Total USD Bond Market ETF has a 12-month low of $44.08 and a 12-month high of $47.44.

iShares Core Total USD Bond Market ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a $0.1577 dividend. This represents a $1.89 annualized dividend and a yield of 4.16%. This is a boost from iShares Core Total USD Bond Market ETF’s previous monthly dividend of $0.16. The ex-dividend date of this dividend was Friday, November 1st.

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.