iShares Core S&P U.S. Value ETF (NASDAQ:IUSV) Hits New 52-Week High After Dividend Announcement

iShares Core S&P U.S. Value ETF (NASDAQ:IUSV) shares reached a new 52-week high on Monday following a dividend announcement from the company. The company traded as high as $111.28 and last traded at $111.23, with a volume of 31650 shares. The stock had previously closed at $110.88.

The newly announced dividend which will be paid on Thursday, June 18th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.4504 per share. The ex-dividend date is Monday, June 15th. This is a boost from iShares Core S&P U.S. Value ETF’s previous quarterly dividend of $0.39. This represents a $1.80 annualized dividend and a yield of 1.6%.

iShares Core S&P U.S. Value ETF Stock Up 0.1%

The firm has a 50 day simple moving average of $108.19 and a two-hundred day simple moving average of $105.63. The stock has a market capitalization of $26.28 billion, a P/E ratio of 20.41 and a beta of 0.83.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. High Probability Advisors LLC lifted its stake in shares of iShares Core S&P U.S. Value ETF by 3.0% in the 4th quarter. High Probability Advisors LLC now owns 171,585 shares of the company’s stock valued at $17,594,000 after acquiring an additional 4,956 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new position in shares of iShares Core S&P U.S. Value ETF in the 3rd quarter valued at $1,249,000. Duncan Williams Asset Management LLC lifted its stake in shares of iShares Core S&P U.S. Value ETF by 31.3% in the 4th quarter. Duncan Williams Asset Management LLC now owns 272,824 shares of the company’s stock valued at $29,217,000 after acquiring an additional 65,030 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of iShares Core S&P U.S. Value ETF by 5.7% in the 3rd quarter. HighTower Advisors LLC now owns 635,469 shares of the company’s stock valued at $63,515,000 after acquiring an additional 34,113 shares during the last quarter. Finally, Foster Group Inc. lifted its stake in shares of iShares Core S&P U.S. Value ETF by 4.0% in the 4th quarter. Foster Group Inc. now owns 1,080,840 shares of the company’s stock valued at $110,829,000 after acquiring an additional 41,431 shares during the last quarter.

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

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.