In a notable move during the third quarter, Frisch Financial Group Inc. has made a significant investment in the iShares Core Total USD Bond Market ETF (NASDAQ:IUSB). According to the latest filing with the SEC, the institutional investor acquired 22,518 shares, totaling approximately $1,052,000.
This investment aligns with a broader trend, as several other institutional investors have recently adjusted their positions in the ETF. For instance, Team Financial Group LLC increased its holdings by 54.4%, now owning 619 shares valued at around $29,000 after an additional purchase of 218 shares. Similarly, Collier Financial established a new position worth approximately $32,000, while Richardson Capital Management LLC invested about $43,000 in the ETF during the same period.
In the second quarter, Anchor Investment Management LLC and Atlantic Union Bankshares Corp also made new purchases, investing $51,000 and $52,000 respectively in the iShares Core Total USD Bond Market ETF.
The ETF”s stock opened at $46.99 on Friday, maintaining stability with a 0.0% change. The fifty-day simple moving average stands at $46.66, with the two-hundred day average slightly lower at $46.65. Over the past year, the ETF has seen a low of $44.74 and a high of $47.20, showcasing its relatively stable performance in the market.
With a market capitalization of $35.34 billion, the iShares Core Total USD Bond Market ETF features a price-to-earnings ratio of 10.80 and a beta of 0.26, indicating lower volatility compared to the market.
Managed by BlackRock, the iShares Core Total USD Bond Market ETF, which tracks the Bloomberg U.S. Universal index, offers investors exposure to a wide array of USD-denominated taxable bonds, reflecting a broad market value weighting.
For those interested in deeper insights into institutional holdings, HoldingsChannel.com provides updates on the latest 13F filings and insider trades related to the iShares Core Total USD Bond Market ETF.
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