Sovereign Financial Group Inc. Has $3.26 Million Holdings in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB)

Sovereign Financial Group Inc. decreased its holdings in shares of iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 19.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 72,111 shares of the company’s stock after selling 16,986 shares during the period. iShares Core Total USD Bond Market ETF accounts for approximately 0.7% of Sovereign Financial Group Inc.’s portfolio, making the stock its 26th biggest position. Sovereign Financial Group Inc.’s holdings in iShares Core Total USD Bond Market ETF were worth $3,259,000 as of its most recent SEC filing.

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

iShares Core Total USD Bond Market ETF Stock Performance

Shares of IUSB opened at $44.75 on Wednesday. The company’s fifty day simple moving average is $45.53 and its 200 day simple moving average is $46.06. iShares Core Total USD Bond Market ETF has a 1-year low of $44.21 and a 1-year high of $47.44.

iShares Core Total USD Bond Market ETF Increases Dividend

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

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.