Bank of New York Mellon Corp Grows Stock Holdings in iShares Core Total USD Bond Market ETF $IUSB

Bank of New York Mellon Corp grew its position in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 13.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,974,170 shares of the company’s stock after buying an additional 1,333,886 shares during the quarter. Bank of New York Mellon Corp owned 1.39% of iShares Core Total USD Bond Market ETF worth $506,897,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Align Financial LLC purchased a new stake in iShares Core Total USD Bond Market ETF during the fourth quarter worth about $132,644,000. Northwestern Mutual Wealth Management Co. lifted its position 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 purchasing an additional 2,324,731 shares in the last quarter. Symmetry Partners LLC purchased a new position in shares of iShares Core Total USD Bond Market ETF in the fourth quarter valued at approximately $104,011,000. Mariner LLC boosted its stake in shares of iShares Core Total USD Bond Market ETF by 15.1% in the fourth quarter. Mariner LLC now owns 16,120,286 shares of the company’s stock valued at $750,239,000 after purchasing an additional 2,115,404 shares during the period. Finally, Morgan Stanley grew its holdings in shares of iShares Core Total USD Bond Market ETF by 8.5% in the fourth quarter. Morgan Stanley now owns 24,700,344 shares of the company’s stock valued at $1,149,554,000 after purchasing an additional 1,931,838 shares in the last quarter.

iShares Core Total USD Bond Market ETF Stock Performance

Shares of IUSB stock opened at $45.77 on Friday. iShares Core Total USD Bond Market ETF has a fifty-two week low of $45.47 and a fifty-two week high of $47.23. The company has a 50 day moving average price of $45.96 and a 200 day moving average price of $46.32. The stock has a market capitalization of $42.85 billion, a P/E ratio of 10.80 and a beta of 0.26.

iShares Core Total USD Bond Market ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a $0.164 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 4.3%. This is a boost from iShares Core Total USD Bond Market ETF’s previous monthly dividend of $0.15.

iShares Core Total USD Bond Market ETF 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.