iShares Core S&P U.S. Value ETF (NASDAQ:IUSV) Reaches New 52-Week High – What’s Next?

iShares Core S&P U.S. Value ETF (NASDAQ:IUSV) shares hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $117.20 and last traded at $116.9970, with a volume of 53,632 shares traded. The stock had previously closed at $115.30.

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

The firm has a market cap of $28.12 billion, a PE ratio of 21.93 and a beta of 0.83. The company’s 50 day moving average price is $113.56 and its 200 day moving average price is $109.70.

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. Shareholders of record on Tuesday, September 15th were issued a dividend of $0.4911 per share. This is a boost from iShares Core S&P U.S. Value ETF’s previous quarterly dividend of $0.4504. The ex-dividend date was Tuesday, September 15th. This represents a $1.96 dividend on an annualized basis and a yield of 1.7%.

Hedge Funds Weigh In On iShares Core S&P U.S. Value ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IUSV. Kings Path Partners LLC purchased a new position in iShares Core S&P U.S. Value ETF during the third quarter worth about $27,000. FAS Wealth Partners Inc. acquired a new stake in iShares Core S&P U.S. Value ETF in the first quarter valued at about $29,000. Bell Investment Advisors Inc boosted its holdings in iShares Core S&P U.S. Value ETF by 45.3% in the 3rd quarter. Bell Investment Advisors Inc now owns 375 shares of the company’s stock valued at $41,000 after purchasing an additional 117 shares in the last quarter. Silver Grove Financial Group Inc. boosted its holdings in iShares Core S&P U.S. Value ETF by 109.8% in the 3rd quarter. Silver Grove Financial Group Inc. now owns 405 shares of the company’s stock valued at $45,000 after purchasing an additional 212 shares in the last quarter. Finally, Creative Capital Management Investments LLC purchased a new stake in iShares Core S&P U.S. Value ETF in the 3rd quarter valued at approximately $45,000.

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.