iShares Core S&P U.S. Value ETF (NASDAQ:IUSV) Hits New 12-Month High – Here’s Why

iShares Core S&P U.S. Value ETF (NASDAQ:IUSV) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $112.53 and last traded at $112.50, with a volume of 130595 shares changing hands. The stock had previously closed at $111.60.

iShares Core S&P U.S. Value ETF Trading Down 0.5%

The firm has a fifty day simple moving average of $110.23 and a 200 day simple moving average of $106.90. The stock has a market cap of $27.13 billion, a price-to-earnings ratio of 20.41 and a beta of 0.83.

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

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a dividend of $0.4504 per share. 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 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Monday, June 15th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. FAS Wealth Partners Inc. acquired a new position in shares of iShares Core S&P U.S. Value ETF in the 1st quarter valued at $29,000. Motco acquired a new stake in shares of iShares Core S&P U.S. Value ETF during the 4th quarter valued at about $29,000. Ransom Advisory Ltd acquired a new stake in shares of iShares Core S&P U.S. Value ETF during the 4th quarter valued at about $31,000. Motiv8 Investments LLC bought a new stake in iShares Core S&P U.S. Value ETF in the fourth quarter valued at about $35,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in iShares Core S&P U.S. Value ETF in the fourth quarter valued at about $35,000.

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.