iShares Core S&P U.S. Value ETF (NASDAQ:IUSV) Hits New 52-Week High – Here’s Why

iShares Core S&P U.S. Value ETF (NASDAQ:IUSV)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $113.86 and last traded at $113.79, with a volume of 276341 shares. The stock had previously closed at $112.92.

iShares Core S&P U.S. Value ETF Stock Up 1.3%

The firm’s 50 day simple moving average is $110.93 and its two-hundred day simple moving average is $107.57. The stock has a market capitalization of $27.67 billion, a P/E ratio of 20.41 and a beta of 0.83.

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

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a $0.4504 dividend. The ex-dividend date was Monday, June 15th. This represents a $1.80 annualized dividend and a dividend yield of 1.6%. This is a boost from iShares Core S&P U.S. Value ETF’s previous quarterly dividend of $0.39.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. High Probability Advisors LLC raised its stake in shares of iShares Core S&P U.S. Value ETF by 3.0% in the fourth quarter. High Probability Advisors LLC now owns 171,585 shares of the company’s stock valued at $17,594,000 after buying an additional 4,956 shares during the period. Duncan Williams Asset Management LLC lifted its position in shares of iShares Core S&P U.S. Value ETF by 31.3% during the 4th quarter. Duncan Williams Asset Management LLC now owns 272,824 shares of the company’s stock valued at $29,217,000 after buying an additional 65,030 shares during the last quarter. Atlantic Edge Private Wealth Management LLC grew its stake in shares of iShares Core S&P U.S. Value ETF by 140.3% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 10,815 shares of the company’s stock worth $1,109,000 after acquiring an additional 6,315 shares during the period. Robertson Stephens Wealth Management LLC grew its stake in shares of iShares Core S&P U.S. Value ETF by 422.5% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 61,602 shares of the company’s stock worth $6,317,000 after acquiring an additional 49,812 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in iShares Core S&P U.S. Value ETF by 3.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 387,312 shares of the company’s stock worth $39,715,000 after acquiring an additional 13,927 shares during the last quarter.

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.