M&T Bank Corp Has $12.52 Million Stake in iShares Core S&P U.S. Value ETF (NASDAQ:IUSV)

M&T Bank Corp reduced its stake in shares of iShares Core S&P U.S. Value ETF (NASDAQ:IUSV) by 14.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 148,483 shares of the company’s stock after selling 24,573 shares during the period. M&T Bank Corp owned about 0.08% of iShares Core S&P U.S. Value ETF worth $12,522,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. NBC Securities Inc. bought a new stake in iShares Core S&P U.S. Value ETF in the 3rd quarter worth about $50,000. Aptus Capital Advisors LLC grew its stake in iShares Core S&P U.S. Value ETF by 282.8% in the 3rd quarter. Aptus Capital Advisors LLC now owns 777 shares of the company’s stock valued at $58,000 after purchasing an additional 574 shares during the period. Fifth Third Bancorp increased its position in shares of iShares Core S&P U.S. Value ETF by 2,965.8% during the 3rd quarter. Fifth Third Bancorp now owns 1,165 shares of the company’s stock valued at $87,000 after purchasing an additional 1,127 shares during the last quarter. Sound Income Strategies LLC bought a new position in iShares Core S&P U.S. Value ETF during the fourth quarter valued at about $106,000. Finally, Zions Bancorporation N.A. bought a new position in iShares Core S&P U.S. Value ETF during the third quarter valued at about $106,000.

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

IUSV traded up $0.45 during midday trading on Friday, reaching $87.28. The company had a trading volume of 342,518 shares, compared to its average volume of 631,933. iShares Core S&P U.S. Value ETF has a 12-month low of $71.27 and a 12-month high of $90.64. The business has a 50-day moving average price of $87.84 and a two-hundred day moving average price of $83.61. The stock has a market cap of $16.81 billion, a PE ratio of 22.53 and a beta of 0.95.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 22nd were paid a $0.4397 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $1.76 annualized dividend and a yield of 2.02%.

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.