MLG Wealth Management DBA Pine Grove Financial Group Raises Holdings in iShares Core Total USD Bond Market ETF $IUSB

MLG Wealth Management DBA Pine Grove Financial Group increased its stake in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 37.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,177,018 shares of the company’s stock after buying an additional 317,887 shares during the period. iShares Core Total USD Bond Market ETF accounts for about 5.5% of MLG Wealth Management DBA Pine Grove Financial Group’s holdings, making the stock its 3rd largest holding. MLG Wealth Management DBA Pine Grove Financial Group’s holdings in iShares Core Total USD Bond Market ETF were worth $54,314,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in IUSB. Allianz Asset Management GmbH purchased a new stake in shares of iShares Core Total USD Bond Market ETF in the second quarter worth $3,226,000. HORAN Wealth LLC increased its stake in iShares Core Total USD Bond Market ETF by 115.4% during the 2nd quarter. HORAN Wealth LLC now owns 12,672 shares of the company’s stock valued at $585,000 after purchasing an additional 6,790 shares in the last quarter. HighTower Advisors LLC raised its holdings in iShares Core Total USD Bond Market ETF by 11.4% in the second quarter. HighTower Advisors LLC now owns 542,631 shares of the company’s stock worth $25,042,000 after buying an additional 55,590 shares during the last quarter. Mason & Associates LLC raised its holdings in iShares Core Total USD Bond Market ETF by 1.7% in the second quarter. Mason & Associates LLC now owns 2,945,948 shares of the company’s stock worth $135,956,000 after buying an additional 48,698 shares during the last quarter. Finally, Guardian Wealth Advisors LLC NC lifted its stake in shares of iShares Core Total USD Bond Market ETF by 71.3% in the second quarter. Guardian Wealth Advisors LLC NC now owns 6,621 shares of the company’s stock worth $306,000 after buying an additional 2,755 shares in the last quarter.

iShares Core Total USD Bond Market ETF Price Performance

NASDAQ:IUSB opened at $45.24 on Tuesday. The company’s 50 day moving average price is $45.58 and its 200-day moving average price is $46.01. iShares Core Total USD Bond Market ETF has a 52 week low of $45.12 and a 52 week high of $47.23. The stock has a market cap of $42.84 billion, a price-to-earnings ratio of 10.80 and a beta of 0.26.

iShares Core Total USD Bond Market ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were issued a dividend of $0.168 per share. The ex-dividend date of this dividend was Tuesday, September 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.