PAX Financial Group LLC Purchases 21,407 Shares of iShares Core Total USD Bond Market ETF $IUSB

PAX Financial Group LLC lifted its position in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 4.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 553,788 shares of the company’s stock after acquiring an additional 21,407 shares during the period. iShares Core Total USD Bond Market ETF makes up approximately 4.4% of PAX Financial Group LLC’s holdings, making the stock its 3rd biggest holding. PAX Financial Group LLC’s holdings in iShares Core Total USD Bond Market ETF were worth $25,579,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of IUSB. Wells Fargo & Company MN increased its stake in iShares Core Total USD Bond Market ETF by 2.9% in the fourth quarter. Wells Fargo & Company MN now owns 47,946,578 shares of the company’s stock valued at $2,231,434,000 after purchasing an additional 1,331,490 shares in the last quarter. LPL Financial LLC raised its holdings in iShares Core Total USD Bond Market ETF by 2.2% in the fourth quarter. LPL Financial LLC now owns 45,507,455 shares of the company’s stock worth $2,117,917,000 after purchasing an additional 966,130 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of iShares Core Total USD Bond Market ETF by 8.8% during the fourth 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 in the last quarter. Morgan Stanley boosted its position in shares of iShares Core Total USD Bond Market ETF by 8.5% during the fourth quarter. Morgan Stanley now owns 24,700,344 shares of the company’s stock worth $1,149,554,000 after purchasing an additional 1,931,838 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of iShares Core Total USD Bond Market ETF by 0.5% in the 4th quarter. CWM LLC now owns 17,194,171 shares of the company’s stock valued at $800,217,000 after buying an additional 85,428 shares during the period.

iShares Core Total USD Bond Market ETF Price Performance

Shares of IUSB stock opened at $45.96 on Friday. iShares Core Total USD Bond Market ETF has a 12-month low of $45.47 and a 12-month high of $47.23. The firm has a fifty day moving average of $46.04 and a 200-day moving average of $46.38. The firm has a market capitalization of $42.60 billion, a price-to-earnings ratio of 10.80 and a beta of 0.26.

iShares Core Total USD Bond Market ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st will be issued a dividend of $0.164 per share. This is a boost from iShares Core Total USD Bond Market ETF’s previous monthly dividend of $0.15. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date is Wednesday, July 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.