PNC Financial Services Group Inc. Increases Stock Position in iShares Core Total USD Bond Market ETF $IUSB

PNC Financial Services Group Inc. lifted its position in shares of iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 1.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,455,397 shares of the company’s stock after buying an additional 14,473 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.18% of iShares Core Total USD Bond Market ETF worth $67,225,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Johnson Financial Group Inc. lifted its holdings in shares of iShares Core Total USD Bond Market ETF by 7,027.0% during the 1st quarter. Johnson Financial Group Inc. now owns 5,053,447 shares of the company’s stock valued at $233,419,000 after purchasing an additional 4,982,541 shares during the last quarter. Align Financial LLC acquired a new stake in iShares Core Total USD Bond Market ETF in the fourth quarter worth about $132,644,000. Northwestern Mutual Wealth Management Co. grew its stake 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 acquiring an additional 2,324,731 shares during the last quarter. Symmetry Partners LLC purchased a new stake in shares of iShares Core Total USD Bond Market ETF during the fourth quarter worth about $104,011,000. Finally, Mariner LLC grew its position in iShares Core Total USD Bond Market ETF by 15.1% during the 4th quarter. Mariner LLC now owns 16,120,286 shares of the company’s stock worth $750,239,000 after purchasing an additional 2,115,404 shares during the last quarter.

iShares Core Total USD Bond Market ETF Trading Down 0.2%

Shares of NASDAQ IUSB opened at $45.42 on Friday. The company has a 50 day simple moving average of $45.91 and a two-hundred day simple moving average of $46.29. The stock has a market cap of $42.64 billion, a price-to-earnings ratio of 10.80 and a beta of 0.26. iShares Core Total USD Bond Market ETF has a 12 month low of $45.38 and a 12 month high of $47.23.

iShares Core Total USD Bond Market ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were given 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. The ex-dividend date was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%.

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.