Royal Bank of Canada Buys 389,899 Shares of iShares Core Total USD Bond Market ETF (NASDAQ:IUSB)

Royal Bank of Canada raised its stake in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 14.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,112,441 shares of the company’s stock after purchasing an additional 389,899 shares during the quarter. Royal Bank of Canada’s holdings in iShares Core Total USD Bond Market ETF were worth $140,682,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in IUSB. Jones Financial Companies Lllp increased its holdings in shares of iShares Core Total USD Bond Market ETF by 12.2% in the fourth quarter. Jones Financial Companies Lllp now owns 60,525,582 shares of the company’s stock valued at $2,735,756,000 after purchasing an additional 6,586,279 shares during the last quarter. LPL Financial LLC grew its stake in iShares Core Total USD Bond Market ETF by 13.5% in the 4th quarter. LPL Financial LLC now owns 44,646,696 shares of the company’s stock valued at $2,018,031,000 after buying an additional 5,315,980 shares during the last quarter. Life Planning Partners Inc raised its holdings in iShares Core Total USD Bond Market ETF by 4,352.9% in the 4th quarter. Life Planning Partners Inc now owns 4,380,903 shares of the company’s stock valued at $198,017,000 after acquiring an additional 4,282,520 shares during the period. Raymond James Financial Inc. acquired a new stake in iShares Core Total USD Bond Market ETF during the fourth quarter worth approximately $183,980,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of iShares Core Total USD Bond Market ETF by 14.7% during the third quarter. JPMorgan Chase & Co. now owns 20,716,912 shares of the company’s stock worth $976,181,000 after acquiring an additional 2,651,218 shares during the period.

iShares Core Total USD Bond Market ETF Trading Up 0.1%

Shares of NASDAQ IUSB opened at $45.52 on Monday. The firm has a market cap of $32.88 billion, a P/E ratio of 10.82 and a beta of 0.26. The business’s 50 day moving average is $45.69 and its 200-day moving average is $45.60. iShares Core Total USD Bond Market ETF has a 1-year low of $44.59 and a 1-year high of $47.44.

iShares Core Total USD Bond Market ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, May 6th. Shareholders of record on Thursday, May 1st were given a dividend of $0.1612 per share. This is a boost from iShares Core Total USD Bond Market ETF’s previous dividend of $0.16. The ex-dividend date of this dividend was Thursday, May 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.