Tortoise Investment Management LLC Lowers Holdings in iShares Core S&P U.S. Value ETF $IUSV

Tortoise Investment Management LLC trimmed its position in shares of iShares Core S&P U.S. Value ETF (NASDAQ:IUSV) by 12.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,416 shares of the company’s stock after selling 17,108 shares during the period. iShares Core S&P U.S. Value ETF makes up approximately 1.2% of Tortoise Investment Management LLC’s holdings, making the stock its 28th biggest holding. Tortoise Investment Management LLC owned approximately 0.05% of iShares Core S&P U.S. Value ETF worth $11,113,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Beacon Pointe Advisors LLC raised its holdings in shares of iShares Core S&P U.S. Value ETF by 0.8% during the 4th quarter. Beacon Pointe Advisors LLC now owns 14,778 shares of the company’s stock worth $1,368,000 after acquiring an additional 114 shares in the last quarter. First Heartland Consultants Inc. raised its holdings in shares of iShares Core S&P U.S. Value ETF by 0.6% during the 4th quarter. First Heartland Consultants Inc. now owns 19,319 shares of the company’s stock worth $1,789,000 after acquiring an additional 124 shares in the last quarter. McGowan Group Asset Management Inc. raised its holdings in shares of iShares Core S&P U.S. Value ETF by 3.7% during the 4th quarter. McGowan Group Asset Management Inc. now owns 3,822 shares of the company’s stock worth $354,000 after acquiring an additional 138 shares in the last quarter. Pure Financial Advisors LLC raised its holdings in shares of iShares Core S&P U.S. Value ETF by 1.8% during the 1st quarter. Pure Financial Advisors LLC now owns 8,702 shares of the company’s stock worth $803,000 after acquiring an additional 155 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in shares of iShares Core S&P U.S. Value ETF by 5.5% during the 1st quarter. IFP Advisors Inc now owns 3,326 shares of the company’s stock worth $307,000 after acquiring an additional 172 shares in the last quarter.

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

Shares of IUSV opened at $98.81 on Thursday. The stock has a market capitalization of $21.82 billion, a price-to-earnings ratio of 20.41 and a beta of 0.95. iShares Core S&P U.S. Value ETF has a 1 year low of $80.14 and a 1 year high of $100.29. The business’s 50 day simple moving average is $95.98 and its 200-day simple moving average is $92.81.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, June 16th were issued a dividend of $0.4318 per share. This is a positive change from iShares Core S&P U.S. Value ETF’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.73 annualized dividend and a dividend yield of 1.7%.

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.