Sofi Wealth LLC has made a significant adjustment to its investment strategy by reducing its position in the iShares Core Total USD Bond Market ETF (NASDAQ: IUSB) by 13.7% during the third quarter, as detailed in its latest 13F filing with the Securities and Exchange Commission (SEC). Following the sale of 180,237 shares, Sofi Wealth now holds a total of 1,138,863 shares in this exchange-traded fund.
The iShares Core Total USD Bond Market ETF represents 2.9% of Sofi Wealth LLC”s overall investment portfolio, positioning it as the firm”s 13th largest investment. At the conclusion of the most recent reporting period, Sofi Wealth”s ownership stake in the ETF was approximately 0.16%, valued at $53,196,000.
Several other institutional investors have also made noteworthy changes to their positions in the iShares ETF. For example, Team Financial Group LLC has increased its holdings by 54.4% during the third quarter, now owning 619 shares worth $29,000 after acquiring an additional 218 shares. Anchor Investment Management LLC and Atlantic Union Bankshares Corp both established new positions in the ETF during the second quarter, with investments of approximately $51,000 and $52,000 respectively. Additionally, Key Financial Inc has boosted its stake by 30.2%, owning 1,185 shares valued at $55,000 after buying 275 more shares.
In a notable move, Investors Research Corp raised its holdings in the iShares ETF by 111.7% in the third quarter, now possessing 1,391 shares valued at $65,000 after acquiring an extra 734 shares.
As of Monday, shares of the iShares Core Total USD Bond Market ETF opened at $46.53. The ETF has experienced a 12-month trading range, with a low of $44.67 and a high of $47.20. The fund boasts a market capitalization of $34.38 billion, a price-to-earnings (PE) ratio of 10.80, and a beta of 0.26. Its 50-day and 200-day moving averages stand at $46.70 and $46.47, respectively.
The iShares Core Total USD Bond Market ETF is designed to track the Bloomberg U.S. Universal index, which encompasses a diverse array of USD-denominated taxable bonds and is market value-weighted. Launched on June 10, 2014, the fund is managed by BlackRock.
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