Horst & Graben Wealth Management LLC has reduced its investment in the iShares Core Total USD Bond Market ETF (NASDAQ: IUSB) by 19.0% during the third quarter of 2023, according to a report from Holdings Channel. The firm sold 128,217 shares, leaving it with a total of 546,080 shares. This adjustment now positions the ETF as approximately 3.9% of Horst & Graben’s overall investment portfolio, ranking it as the firm’s sixth largest holding. As per the most recent filing with the Securities and Exchange Commission, the current value of their holdings in the ETF is around $25,507,000.
Other investment firms have also made significant changes to their stakes in the iShares Core Total USD Bond Market ETF. For instance, Randall & Associates Wealth Management increased its position by 23.8% in the same quarter, acquiring an additional 25,999 shares and bringing their total to 135,453 shares, valued at $6,327,000. Additionally, Independent Wealth Network Inc. and JGP Wealth Management LLC established new positions in the ETF, valued at approximately $229,000 and $206,000, respectively.
Triangle Securities Wealth Management also augmented its shareholding by 1.5%, now owning 190,931 shares, which are valued at $8,918,000. Stanich Group LLC entered the market with a new stake worth approximately $585,000 during the same period.
Performance and Profile of iShares Core Total USD Bond Market ETF
The iShares Core Total USD Bond Market ETF opened at $46.62 on Friday. The ETF has demonstrated stability, with a fifty-day simple moving average of $46.76 and a 200-day simple moving average of $46.42. Over the past year, it has fluctuated within a range, hitting a low of $44.67 and a high of $47.20. Currently, the ETF boasts a market capitalization of $33.13 billion, a price-to-earnings (PE) ratio of 10.80, and a beta of 0.26, indicating its lower volatility compared to the broader market.
The iShares Core Total USD Bond Market ETF was launched on June 10, 2014, and is managed by BlackRock. This exchange-traded fund tracks the Bloomberg U.S. Universal Index, which includes a diverse array of USD-denominated taxable bonds, providing investors with a comprehensive look at the bond market.
For those interested in more information about the holdings and recent trades associated with this ETF, Holdings Channel offers detailed insights and data on the latest 13F filings.
