Richmond Investment Services LLC Makes New $533,000 Investment in iShares Core S&P U.S. Value ETF $IUSV

Richmond Investment Services LLC bought a new stake in shares of iShares Core S&P U.S. Value ETF (NASDAQ:IUSV) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,637 shares of the company’s stock, valued at approximately $533,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Smithfield Trust Co bought a new position in iShares Core S&P U.S. Value ETF during the 2nd quarter valued at approximately $27,000. Franklin Resources Inc. grew its stake in shares of iShares Core S&P U.S. Value ETF by 26.0% in the second quarter. Franklin Resources Inc. now owns 523 shares of the company’s stock worth $49,000 after acquiring an additional 108 shares during the last quarter. Toth Financial Advisory Corp bought a new position in shares of iShares Core S&P U.S. Value ETF during the second quarter valued at $53,000. Flaharty Asset Management LLC purchased a new position in shares of iShares Core S&P U.S. Value ETF in the 1st quarter worth about $57,000. Finally, AlphaCore Capital LLC purchased a new position in shares of iShares Core S&P U.S. Value ETF in the 1st quarter worth about $85,000.

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

Shares of IUSV stock opened at $102.03 on Thursday. The company has a market capitalization of $23.72 billion, a price-to-earnings ratio of 20.41 and a beta of 0.90. The company’s 50-day moving average is $100.34 and its 200 day moving average is $97.03. iShares Core S&P U.S. Value ETF has a one year low of $80.14 and a one year high of $102.75.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 16th were issued a $0.4714 dividend. This represents a $1.89 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, September 16th. This is a positive change from iShares Core S&P U.S. Value ETF’s previous quarterly dividend of $0.43.

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.