Coastal Investment Advisors Inc. Makes New Investment in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB)

Coastal Investment Advisors Inc. bought a new position in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 4,037 shares of the company’s stock, valued at approximately $184,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its position in shares of iShares Core Total USD Bond Market ETF by 27.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 128,057,979 shares of the company’s stock worth $5,909,876,000 after buying an additional 27,699,624 shares in the last quarter. LPL Financial LLC boosted its position in iShares Core Total USD Bond Market ETF by 24.8% in the first quarter. LPL Financial LLC now owns 24,999,656 shares of the company’s stock worth $1,153,734,000 after purchasing an additional 4,970,882 shares during the last quarter. Resources Investment Advisors LLC. boosted its position in iShares Core Total USD Bond Market ETF by 61.2% in the first quarter. Resources Investment Advisors LLC. now owns 2,293,758 shares of the company’s stock worth $105,857,000 after purchasing an additional 871,030 shares during the last quarter. Cetera Investment Advisers grew its stake in iShares Core Total USD Bond Market ETF by 25.3% in the 1st quarter. Cetera Investment Advisers now owns 4,286,611 shares of the company’s stock valued at $197,827,000 after purchasing an additional 865,384 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of iShares Core Total USD Bond Market ETF by 22.3% during the 1st quarter. Bank of New York Mellon Corp now owns 4,467,665 shares of the company’s stock valued at $206,183,000 after purchasing an additional 814,000 shares during the last quarter.

iShares Core Total USD Bond Market ETF Price Performance

Shares of NASDAQ:IUSB opened at $44.14 on Wednesday. The company’s 50-day moving average is $43.60 and its 200 day moving average is $44.63. iShares Core Total USD Bond Market ETF has a fifty-two week low of $42.56 and a fifty-two week high of $46.86.

iShares Core Total USD Bond Market ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, November 7th. Shareholders of record on Thursday, November 2nd were given a $0.14 dividend. This is a positive change from iShares Core Total USD Bond Market ETF’s previous monthly dividend of $0.13. The ex-dividend date was Wednesday, November 1st. This represents a $1.68 annualized dividend and a yield of 3.81%.

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.