Tennessee Valley Asset Management Partners Has $14.12 Million Stock Position in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB)

Tennessee Valley Asset Management Partners reduced its stake in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) by 3.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 312,345 shares of the company’s stock after selling 10,354 shares during the quarter. iShares Core Total USD Bond Market ETF makes up 2.4% of Tennessee Valley Asset Management Partners’ investment portfolio, making the stock its 10th biggest position. Tennessee Valley Asset Management Partners’ holdings in iShares Core Total USD Bond Market ETF were worth $14,118,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. LGT Financial Advisors LLC grew its stake in iShares Core Total USD Bond Market ETF by 18.2% in the third quarter. LGT Financial Advisors LLC now owns 1,421 shares of the company’s stock worth $67,000 after purchasing an additional 219 shares in the last quarter. Kovack Advisors Inc. lifted its holdings in shares of iShares Core Total USD Bond Market ETF by 4.3% in the 3rd quarter. Kovack Advisors Inc. now owns 5,557 shares of the company’s stock worth $262,000 after buying an additional 227 shares during the period. Snider Financial Group grew its position in shares of iShares Core Total USD Bond Market ETF by 3.3% during the 3rd quarter. Snider Financial Group now owns 7,521 shares of the company’s stock worth $354,000 after buying an additional 238 shares in the last quarter. Ascent Group LLC increased its stake in shares of iShares Core Total USD Bond Market ETF by 0.7% during the second quarter. Ascent Group LLC now owns 34,660 shares of the company’s stock valued at $1,567,000 after buying an additional 252 shares during the period. Finally, Sugarloaf Wealth Management LLC raised its holdings in shares of iShares Core Total USD Bond Market ETF by 8.4% in the third quarter. Sugarloaf Wealth Management LLC now owns 3,447 shares of the company’s stock valued at $162,000 after acquiring an additional 266 shares in the last quarter.

iShares Core Total USD Bond Market ETF Stock Up 0.2 %

NASDAQ:IUSB opened at $45.27 on Monday. iShares Core Total USD Bond Market ETF has a 1-year low of $44.21 and a 1-year high of $47.44. The company has a 50-day moving average of $45.46 and a 200 day moving average of $46.05.

iShares Core Total USD Bond Market ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were paid a dividend of $0.1605 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This is an increase from iShares Core Total USD Bond Market ETF’s previous monthly dividend of $0.16. This represents a $1.93 dividend on an annualized basis and a dividend yield of 4.25%.

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.