iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) Reaches New 52-Week Low – Here’s Why

iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) shares hit a new 52-week low on Tuesday . The company traded as low as $45.19 and last traded at $45.22, with a volume of 138088 shares. The stock had previously closed at $45.45.

iShares Core Total USD Bond Market ETF Stock Performance

The stock’s 50 day moving average price is $45.64 and its 200-day moving average price is $46.05. The company has a market cap of $42.79 billion, a PE 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 will be paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.168 per share. The ex-dividend date is Tuesday, September 1st.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. AQR Capital Management LLC grew its position in iShares Core Total USD Bond Market ETF by 9.9% during the 1st quarter. AQR Capital Management LLC now owns 60,249 shares of the company’s stock worth $2,776,000 after acquiring an additional 5,416 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in iShares Core Total USD Bond Market ETF by 40.7% in the first quarter. Goldman Sachs Group Inc. now owns 191,332 shares of the company’s stock valued at $8,817,000 after purchasing an additional 55,360 shares during the last quarter. M&T Bank Corp purchased a new stake in shares of iShares Core Total USD Bond Market ETF during the second quarter valued at approximately $335,000. Brown Advisory Inc. bought a new position in shares of iShares Core Total USD Bond Market ETF in the second quarter worth approximately $246,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of iShares Core Total USD Bond Market ETF in the second quarter worth approximately $167,000.

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.