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 – Get Free Report) shares hit a new 52-week high during trading on Thursday . The company traded as high as $112.53 and last traded at $112.50, with a volume of 130595 shares trading hands. The stock had previously closed at $111.60.

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

The firm’s 50-day simple moving average is $110.07 and its 200 day simple moving average is $106.80. The stock has a market capitalization of $27.20 billion, a P/E ratio of 20.41 and a beta of 0.83.

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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. Investors of record on Monday, June 15th were paid a $0.4504 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.80 dividend on an annualized basis and a yield of 1.6%. This is a positive change from iShares Core S&P U.S. Value ETF’s previous quarterly dividend of $0.39.

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

A number of large investors have recently made changes to their positions in IUSV. Auto Owners Insurance Co increased its stake in shares of iShares Core S&P U.S. Value ETF by 15,983.5% in the fourth quarter. Auto Owners Insurance Co now owns 138,961,020 shares of the company’s stock worth $13,896,102,000 after acquiring an additional 138,097,020 shares during the last quarter. Bank of America Corp DE grew its stake in iShares Core S&P U.S. Value ETF by 3.9% in the 4th quarter. Bank of America Corp DE now owns 83,401,630 shares of the company’s stock valued at $8,552,003,000 after buying an additional 3,168,089 shares during the last quarter. LPL Financial LLC raised its holdings in iShares Core S&P U.S. Value ETF by 3.6% in the 4th quarter. LPL Financial LLC now owns 16,406,531 shares of the company’s stock worth $1,682,326,000 after acquiring an additional 569,611 shares during the period. Morgan Stanley lifted its position in iShares Core S&P U.S. Value ETF by 7.0% during the 4th quarter. Morgan Stanley now owns 9,720,751 shares of the company’s stock worth $996,766,000 after acquiring an additional 639,948 shares during the last quarter. Finally, Signaturefd LLC lifted its position in iShares Core S&P U.S. Value ETF by 1.9% during the 4th quarter. Signaturefd LLC now owns 4,573,759 shares of the company’s stock worth $468,993,000 after acquiring an additional 84,650 shares during the last quarter.

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

(Get Free Report)

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.

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