Keebeck Wealth Management Purchases 109,672 Shares of iShares Core Total USD Bond Market ETF $IUSB

Keebeck Wealth Management increased its stake in shares of iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 257.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 152,297 shares of the company’s stock after buying an additional 109,672 shares during the quarter. iShares Core Total USD Bond Market ETF accounts for about 0.8% of Keebeck Wealth Management’s investment portfolio, making the stock its 29th largest holding. Keebeck Wealth Management’s holdings in iShares Core Total USD Bond Market ETF were worth $7,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Howe & Rusling Inc. boosted its stake in shares of iShares Core Total USD Bond Market ETF by 2.6% during the fourth quarter. Howe & Rusling Inc. now owns 8,329 shares of the company’s stock valued at $388,000 after purchasing an additional 215 shares in the last quarter. Beacon Financial Group increased its position in iShares Core Total USD Bond Market ETF by 3.9% in the 1st quarter. Beacon Financial Group now owns 5,993 shares of the company’s stock valued at $277,000 after acquiring an additional 226 shares during the period. Midwest Trust Co raised its stake in shares of iShares Core Total USD Bond Market ETF by 2.9% during the fourth quarter. Midwest Trust Co now owns 8,432 shares of the company’s stock valued at $392,000 after acquiring an additional 236 shares during the last quarter. HORAN Wealth LLC grew its stake in shares of iShares Core Total USD Bond Market ETF by 5.2% in the fourth quarter. HORAN Wealth LLC now owns 5,882 shares of the company’s stock worth $274,000 after purchasing an additional 291 shares during the last quarter. Finally, FC Advisory LLC increased its holdings in iShares Core Total USD Bond Market ETF by 0.5% in the fourth quarter. FC Advisory LLC now owns 64,545 shares of the company’s stock valued at $3,004,000 after purchasing an additional 292 shares during the period.

iShares Core Total USD Bond Market ETF Stock Performance

NASDAQ:IUSB opened at $45.42 on Friday. iShares Core Total USD Bond Market ETF has a fifty-two week low of $45.38 and a fifty-two week high of $47.23. The company has a 50 day simple moving average of $45.91 and a two-hundred day simple moving average of $46.29. The company has a market capitalization of $42.64 billion, a PE 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 was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a $0.164 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. This is a boost from iShares Core Total USD Bond Market ETF’s previous monthly dividend of $0.15.

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.