Modern Wealth Management LLC Buys 648,925 Shares of iShares Core Total USD Bond Market ETF (NASDAQ:IUSB)

Modern Wealth Management LLC increased its stake in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 909.2% during the fourth quarter, HoldingsChannel reports. The firm owned 720,297 shares of the company’s stock after acquiring an additional 648,925 shares during the period. iShares Core Total USD Bond Market ETF comprises approximately 1.2% of Modern Wealth Management LLC’s portfolio, making the stock its 19th biggest holding. Modern Wealth Management LLC’s holdings in iShares Core Total USD Bond Market ETF were worth $32,745,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of IUSB. Jones Financial Companies Lllp boosted its holdings in iShares Core Total USD Bond Market ETF by 12.2% in the 4th quarter. Jones Financial Companies Lllp now owns 60,525,582 shares of the company’s stock worth $2,735,756,000 after buying an additional 6,586,279 shares during the period. LPL Financial LLC grew its holdings in shares of iShares Core Total USD Bond Market ETF by 13.5% during the fourth quarter. LPL Financial LLC now owns 44,646,696 shares of the company’s stock worth $2,018,031,000 after purchasing an additional 5,315,980 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of iShares Core Total USD Bond Market ETF by 14.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,716,912 shares of the company’s stock worth $976,181,000 after buying an additional 2,651,218 shares during the last quarter. MML Investors Services LLC increased its stake in iShares Core Total USD Bond Market ETF by 22.2% in the third quarter. MML Investors Services LLC now owns 8,454,621 shares of the company’s stock valued at $398,382,000 after acquiring an additional 1,535,400 shares during the last quarter. Finally, Kestra Investment Management LLC increased its position in shares of iShares Core Total USD Bond Market ETF by 62.3% during the 3rd quarter. Kestra Investment Management LLC now owns 4,620,587 shares of the company’s stock valued at $217,722,000 after purchasing an additional 1,773,270 shares during the last quarter.

iShares Core Total USD Bond Market ETF Stock Performance

IUSB stock opened at $45.83 on Tuesday. The firm has a market cap of $32.60 billion, a P/E ratio of 10.90 and a beta of 0.15. The firm’s fifty day moving average is $45.62 and its 200 day moving average is $45.90. iShares Core Total USD Bond Market ETF has a 52 week low of $44.21 and a 52 week high of $47.44.

iShares Core Total USD Bond Market ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.1553 per share. This is an increase from iShares Core Total USD Bond Market ETF’s previous dividend of $0.15. The ex-dividend date of this dividend was Monday, March 3rd.

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.