Independent Financial Group LLC Invests $816,000 in iShares Core S&P U.S. Value ETF $IUSV

Independent Financial Group LLC bought a new stake in shares of iShares Core S&P U.S. Value ETF (NASDAQ:IUSV) during the first quarter, Holdings Channel.com reports. The fund bought 7,983 shares of the company’s stock, valued at approximately $816,000.

Several other institutional investors and hedge funds have also recently modified their holdings of IUSV. Motco acquired a new position in iShares Core S&P U.S. Value ETF in the 4th quarter worth about $29,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in iShares Core S&P U.S. Value ETF in the fourth quarter valued at approximately $35,000. Motiv8 Investments LLC acquired a new stake in iShares Core S&P U.S. Value ETF in the fourth quarter valued at approximately $35,000. Physician Wealth Advisors Inc. purchased a new stake in shares of iShares Core S&P U.S. Value ETF in the first quarter valued at approximately $36,000. Finally, Garton & Associates Financial Advisors LLC purchased a new stake in shares of iShares Core S&P U.S. Value ETF in the fourth quarter valued at approximately $37,000.

iShares Core S&P U.S. Value ETF Price Performance

Shares of IUSV stock opened at $111.77 on Wednesday. The company has a market cap of $27.09 billion, a price-to-earnings ratio of 20.41 and a beta of 0.83. The stock has a 50 day simple moving average of $110.34 and a 200-day simple moving average of $107.05. iShares Core S&P U.S. Value ETF has a 1-year low of $93.91 and a 1-year high of $113.25.

iShares Core S&P U.S. Value ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a $0.4504 dividend. This represents a $1.80 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Monday, June 15th. This is a boost from iShares Core S&P U.S. Value ETF’s previous quarterly dividend of $0.39.

iShares Core S&P U.S. Value ETF Profile

The iShares Core S&P U.S. Value ETF (IUSV) is an exchange-traded fund that is based on the S&P 900 Value index. The fund tracks an index of large- and mid-cap value stocks in the US. The index selects from stocks ranked 1-3000 by market-cap based on 3 value factors. IUSV was launched on Jul 24, 2000 and is managed by BlackRock.