iShares Core S&P U.S. Value ETF (NASDAQ:IUSV) Sets New 12-Month High – Should You Buy?

iShares Core S&P U.S. Value ETF (NASDAQ:IUSV) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $112.48 and last traded at $111.82, with a volume of 949970 shares changing hands. The stock had previously closed at $111.90.

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

The company has a fifty day moving average price of $109.80 and a two-hundred day moving average price of $106.57. The firm has a market cap of $26.93 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 announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were issued a $0.4504 dividend. The ex-dividend date was Monday, June 15th. This is a positive change from iShares Core S&P U.S. Value ETF’s previous quarterly dividend of $0.39. This represents a $1.80 annualized dividend and a dividend yield of 1.6%.

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

Several institutional investors and hedge funds have recently bought and sold shares of IUSV. Auto Owners Insurance Co increased its position in iShares Core S&P U.S. Value ETF by 15,983.5% during the fourth quarter. Auto Owners Insurance Co now owns 138,961,020 shares of the company’s stock worth $13,896,102,000 after buying an additional 138,097,020 shares during the last quarter. Bank of America Corp DE raised its stake in iShares Core S&P U.S. Value ETF by 3.9% during 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 purchasing an additional 3,168,089 shares during the last quarter. LPL Financial LLC lifted its stake in shares of iShares Core S&P U.S. Value ETF by 3.6% in the fourth quarter. LPL Financial LLC now owns 16,406,531 shares of the company’s stock valued at $1,682,326,000 after buying an additional 569,611 shares during the period. Morgan Stanley lifted its position in shares of iShares Core S&P U.S. Value ETF by 7.0% in 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 period. Finally, Signaturefd LLC lifted its position in iShares Core S&P U.S. Value ETF by 1.9% in the fourth quarter. Signaturefd LLC now owns 4,573,759 shares of the company’s stock worth $468,993,000 after purchasing an additional 84,650 shares during the period.

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.