Pinion Investment Advisors LLC Grows Stake in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB)

Pinion Investment Advisors LLC raised its stake in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 72.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,874 shares of the company’s stock after buying an additional 25,149 shares during the period. iShares Core Total USD Bond Market ETF comprises about 1.1% of Pinion Investment Advisors LLC’s investment portfolio, making the stock its 20th biggest position. Pinion Investment Advisors LLC’s holdings in iShares Core Total USD Bond Market ETF were worth $2,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Opes Wealth Management LLC increased its position in shares of iShares Core Total USD Bond Market ETF by 1.4% in the third quarter. Opes Wealth Management LLC now owns 333,058 shares of the company’s stock valued at $15,694,000 after acquiring an additional 4,489 shares during the period. Lansing Street Advisors raised its stake in iShares Core Total USD Bond Market ETF by 3.9% during the third quarter. Lansing Street Advisors now owns 82,176 shares of the company’s stock valued at $3,872,000 after buying an additional 3,084 shares during the last quarter. Sunesis Advisors LLC raised its holdings in iShares Core Total USD Bond Market ETF by 0.8% in the third quarter. Sunesis Advisors LLC now owns 61,628 shares of the company’s stock worth $2,904,000 after buying an additional 473 shares during the last quarter. World Equity Group Inc. raised its stake in shares of iShares Core Total USD Bond Market ETF by 38.2% in the third quarter. World Equity Group Inc. now owns 29,496 shares of the company’s stock worth $1,390,000 after purchasing an additional 8,146 shares during the last quarter. Finally, Alterna Wealth Management Inc. boosted its holdings in shares of iShares Core Total USD Bond Market ETF by 20.3% during the 3rd quarter. Alterna Wealth Management Inc. now owns 137,076 shares of the company’s stock valued at $6,459,000 after acquiring an additional 23,144 shares during the last quarter.

iShares Core Total USD Bond Market ETF Stock Performance

iShares Core Total USD Bond Market ETF stock opened at $46.17 on Tuesday. The stock has a fifty day moving average of $45.37 and a 200 day moving average of $45.99. iShares Core Total USD Bond Market ETF has a one year low of $44.21 and a one year high of $47.44. The stock has a market cap of $32.96 billion, a PE ratio of 16.77 and a beta of 0.24.

iShares Core Total USD Bond Market ETF Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd will be given a $0.1553 dividend. 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 is Monday, March 3rd.

About iShares Core Total USD Bond Market ETF

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.