iShares Core S&P U.S. Value ETF (NASDAQ:IUSV) Sets New 1-Year High – Time to Buy?

iShares Core S&P U.S. Value ETF (NASDAQ:IUSV)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $109.34 and last traded at $109.28, with a volume of 620775 shares trading hands. The stock had previously closed at $108.50.

iShares Core S&P U.S. Value ETF Stock Up 0.7%

The company’s 50 day moving average is $105.06 and its 200 day moving average is $104.31. The firm has a market capitalization of $25.87 billion, a price-to-earnings ratio of 20.41 and a beta of 0.83.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were paid a $0.3925 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $1.57 annualized dividend and a dividend yield of 1.4%.

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

Several institutional investors and hedge funds have recently modified their holdings of IUSV. AQR Capital Management LLC grew its stake in shares of iShares Core S&P U.S. Value ETF by 20.7% in the first quarter. AQR Capital Management LLC now owns 10,047 shares of the company’s stock valued at $927,000 after acquiring an additional 1,725 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of iShares Core S&P U.S. Value ETF by 50.5% in the first quarter. Goldman Sachs Group Inc. now owns 564,215 shares of the company’s stock valued at $52,071,000 after acquiring an additional 189,409 shares in the last quarter. Jane Street Group LLC grew its stake in shares of iShares Core S&P U.S. Value ETF by 248.0% in the first quarter. Jane Street Group LLC now owns 58,043 shares of the company’s stock valued at $5,357,000 after acquiring an additional 41,366 shares in the last quarter. 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 valued at $49,000 after acquiring an additional 108 shares in the last quarter. Finally, Diversify Advisory Services LLC acquired a new position in shares of iShares Core S&P U.S. Value ETF in the second quarter valued at about $1,595,000.

About iShares Core S&P U.S. Value ETF

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.