iShares Core S&P U.S. Value ETF (NASDAQ:IUSV) Reaches New 1-Year High – Should You Buy?

iShares Core S&P U.S. Value ETF (NASDAQ:IUSV)’s stock price reached a new 52-week high during mid-day trading on Thursday. The company traded as high as $116.41 and last traded at $116.38, with a volume of 40,293 shares trading hands. The stock had previously closed at $115.60.

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

The company has a market cap of $28.59 billion, a price-to-earnings ratio of 20.41 and a beta of 0.83. The firm’s 50 day simple moving average is $113.45 and its 200-day simple moving average is $109.38.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were paid a dividend of $0.4911 per share. This is a positive change from iShares Core S&P U.S. Value ETF’s previous quarterly dividend of $0.4504. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.7%.

Institutional Investors Weigh In On iShares Core S&P U.S. Value ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Bell Investment Advisors Inc raised its holdings in shares of iShares Core S&P U.S. Value ETF by 45.3% during the third quarter. Bell Investment Advisors Inc now owns 375 shares of the company’s stock worth $41,000 after purchasing an additional 117 shares during the period. Intrua Financial LLC lifted its stake in iShares Core S&P U.S. Value ETF by 8.3% in the third quarter. Intrua Financial LLC now owns 4,329 shares of the company’s stock valued at $477,000 after buying an additional 331 shares during the last quarter. Modera Wealth Management LLC bought a new position in iShares Core S&P U.S. Value ETF in the 3rd quarter worth about $132,261,000. Partners Wealth Management LLC bought a new position in iShares Core S&P U.S. Value ETF in the 3rd quarter worth approximately $208,000. Finally, Foundry Financial Group Inc. raised its stake in shares of iShares Core S&P U.S. Value ETF by 2.1% during the third quarter. Foundry Financial Group Inc. now owns 83,921 shares of the company’s stock valued at $9,255,000 after purchasing an additional 1,695 shares in the last quarter.

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