Pines Wealth Management LLC Makes New Investment in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB)

Pines Wealth Management LLC purchased a new position in shares of iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 65,518 shares of the company’s stock, valued at approximately $2,933,000. iShares Core Total USD Bond Market ETF makes up approximately 1.3% of Pines Wealth Management LLC’s portfolio, making the stock its 17th biggest position.

A number of other hedge funds have also made changes to their positions in IUSB. WealthPLAN Partners LLC grew its holdings in iShares Core Total USD Bond Market ETF by 3.5% during the second quarter. WealthPLAN Partners LLC now owns 81,641 shares of the company’s stock valued at $3,692,000 after purchasing an additional 2,741 shares during the last quarter. Hill Island Financial LLC boosted its holdings in shares of iShares Core Total USD Bond Market ETF by 15.3% during the 2nd quarter. Hill Island Financial LLC now owns 22,937 shares of the company’s stock worth $1,037,000 after buying an additional 3,047 shares during the period. Wealth Alliance grew its stake in iShares Core Total USD Bond Market ETF by 1.1% in the 2nd quarter. Wealth Alliance now owns 465,292 shares of the company’s stock valued at $21,040,000 after buying an additional 5,081 shares during the last quarter. Meridian Wealth Partners LLC raised its holdings in iShares Core Total USD Bond Market ETF by 7.5% in the 2nd quarter. Meridian Wealth Partners LLC now owns 25,364 shares of the company’s stock worth $1,147,000 after acquiring an additional 1,769 shares during the period. Finally, WCG Wealth Advisors LLC lifted its position in iShares Core Total USD Bond Market ETF by 27.9% during the 2nd quarter. WCG Wealth Advisors LLC now owns 410,639 shares of the company’s stock worth $18,569,000 after acquiring an additional 89,516 shares during the last quarter.

iShares Core Total USD Bond Market ETF Stock Performance

IUSB stock opened at $44.75 on Wednesday. The company has a 50-day moving average of $45.53 and a two-hundred day moving average of $46.06. iShares Core Total USD Bond Market ETF has a 52-week low of $44.21 and a 52-week high of $47.44.

iShares Core Total USD Bond Market ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were paid a dividend of $0.1605 per share. This is an increase from iShares Core Total USD Bond Market ETF’s previous monthly dividend of $0.16. The ex-dividend date was Wednesday, December 18th. This represents a $1.93 annualized dividend and a yield of 4.30%.

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.