June 28, 2023 – Allworth Financial LP, a prominent institutional investor, has reported a remarkable increase of 20.5% in its holdings in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) during the first quarter. This revelation was disclosed through the most recent filing of Allworth Financial LP with the Securities and Exchange Commission (SEC). Throughout the quarter, the institutional investor acquired an additional 481,127 shares of the company’s stock, bringing their total ownership to an impressive 2,831,171 shares.
The iShares Core Total USD Bond Market ETF constitutes approximately 1.3% of Allworth Financial LP’s expansive portfolio and currently stands as their fourteenth largest position. At present, this significant stake commanded by Allworth Financial LP is valued at an estimated $130,659,000.
To gain more insight into how other hedge funds are positioning themselves in relation to IUSB (the stock symbol for iShares Core Total USD Bond Market ETF), industry enthusiasts can explore HoldingsChannel.com. The platform provides regular updates on the latest 13F filings and insider trades made by various hedge funds invested in this particular exchange-traded fund.
In addition to these developments concerning its stakeholders, iShares Core Total USD Bond Market ETF had also recently announced a monthly dividend payout. On Wednesday, June 7th, shareholders who were recorded as owners on Friday, June 2nd received a dividend payment amounting to $0.136 per share. It should be noted that the ex-dividend date for this distribution was Thursday, June 1st.
Further analysis reveals that this monthly dividend amounts to $1.63 on an annualized basis for each outstanding share. Consequently, investors obtained an alluring yield of approximately 3.59% based on the current market value of IUSB shares.
This growing interest and commitment from Allworth Financial LP signifies their unwavering confidence in the prospects of iShares Core Total USD Bond Market ETF. Moreover, this significant increase in holdings further solidifies Allworth Financial LP as a major player within the investment landscape.
As we move forward, it will be intriguing to observe how other market participants respond to these noteworthy developments. Investors and industry experts alike will continue to monitor future SEC filings and insider trades while assessing the performance of iShares Core Total USD Bond Market ETF in order to make informed decisions regarding their own portfolios.
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Title: Institutional Investors Show Confidence in iShares Core Total USD Bond Market ETF (IUSB) with Significant Position Boosts
Institutional investors, including Envestnet Asset Management Inc., BlackRock Inc., LPL Financial LLC, CWM LLC, and Northwestern Mutual Wealth Management Co., have recently made significant changes to their positions in the iShares Core Total USD Bond Market ETF (IUSB). These investors have demonstrated their confidence in the fund by boosting their positions and acquiring additional shares.
Envestnet Asset Management Inc. increased its position in IUSB by 17.7% during the fourth quarter of last year. The company now owns a staggering 100,358,355 shares of the ETF’s stock, which are valued at approximately $4,509,101,000. This substantial increase clearly reflects Envestnet Asset Management Inc.’s belief in the potential growth of the fund.
BlackRock Inc., another prominent institutional investor, also lifted its position in IUSB by 0.3% during the third quarter of last year. The company now holds an impressive 61,357,816 shares of the ETF’s stock valued at $2,730,422,000. This increase may be viewed as a testament to BlackRock’s continued faith in the long-term prospects of IUSB.
LPL Financial LLC followed suit and raised its position in IUSB by 16.9% during the fourth quarter of last year. LPL Financial LLC’s current stake stands at 20,028,774 shares worth approximately $899,893,000. This considerable boost further solidifies LPL Financial LLC’s commitment to the growth and success of IUSB.
Similarly, CWM LLC increased its position in IUSB by an impressive 17.9% during the fourth quarter of last year. The company now owns an astounding 17,405,994 shares valued at $782,051,000. CWM LLC’s decision highlights its optimism regarding the future performance and value of IUSB.
Finally, Northwestern Mutual Wealth Management Co. lifted its position in IUSB by 17.7% during the fourth quarter of last year. The company now holds an estimated 12,609,736 shares valued at $566,554,000. This increase showcases Northwestern Mutual Wealth Management Co.’s belief in the potential returns offered by IUSB.
Shares of IUSB opened at $45.51 on June 28, 2023. The stock has shown stability with a 50-day moving average of $45.58 and a two-hundred day moving average of $45.77. Over the past year, the ETF has experienced a low of $43.12 and a high of $48.06.
The iShares Core Total USD Bond Market ETF (IUSB) is an exchange-traded fund that closely tracks the Bloomberg U.S. Universal index. The fund primarily invests in USD-denominated taxable bonds and follows a market value weighted index provided by Barclays.
Launched on June 10, 2014, IUSB is under the astute management of BlackRock, a renowned investment management firm recognized for its expertise in global markets and diverse asset classes.
In conclusion, the recent significant changes made by institutional investors to their positions in iShares Core Total USD Bond Market ETF reflect their confidence in its performance and growth potential. With strong backing from reputable companies like Envestnet Asset Management Inc., BlackRock Inc., LPL Financial LLC, CWM LLC, and Northwestern Mutual Wealth Management Co., IUSB continues to attract attention as an attractive investment option within the bond market sector.”