GM Advisory Group LLC Sells 21,615 Shares of iShares Core Total USD Bond Market ETF $IUSB

GM Advisory Group LLC reduced its position in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 3.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 665,565 shares of the company’s stock after selling 21,615 shares during the period. iShares Core Total USD Bond Market ETF accounts for about 1.3% of GM Advisory Group LLC’s investment portfolio, making the stock its 17th biggest position. GM Advisory Group LLC owned about 0.09% of iShares Core Total USD Bond Market ETF worth $31,089,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IUSB. Jones Financial Companies Lllp increased its stake in iShares Core Total USD Bond Market ETF by 6.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 71,364,109 shares of the company’s stock worth $3,327,011,000 after acquiring an additional 4,589,650 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of iShares Core Total USD Bond Market ETF by 8.1% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 26,298,023 shares of the company’s stock valued at $1,228,381,000 after acquiring an additional 1,980,869 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of iShares Core Total USD Bond Market ETF by 4.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,693,393 shares of the company’s stock valued at $919,878,000 after acquiring an additional 911,004 shares during the last quarter. Mariner LLC grew its holdings in shares of iShares Core Total USD Bond Market ETF by 11.5% in the third quarter. Mariner LLC now owns 14,004,882 shares of the company’s stock valued at $654,168,000 after purchasing an additional 1,449,320 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of iShares Core Total USD Bond Market ETF by 1.2% in the third quarter. Ameriprise Financial Inc. now owns 11,066,646 shares of the company’s stock valued at $516,686,000 after purchasing an additional 131,323 shares in the last quarter.

iShares Core Total USD Bond Market ETF Stock Performance

Shares of IUSB opened at $46.44 on Wednesday. The stock has a market capitalization of $34.92 billion, a PE ratio of 10.80 and a beta of 0.26. The company’s fifty day moving average is $46.71 and its 200 day moving average is $46.72. iShares Core Total USD Bond Market ETF has a fifty-two week low of $44.74 and a fifty-two week high of $47.23.

iShares Core Total USD Bond Market ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a $0.1573 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, March 2nd.

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.