Sovereign Financial Group Inc. Buys 4,711 Shares of iShares Core S&P U.S. Value ETF (NASDAQ:IUSV)

Sovereign Financial Group Inc. grew its stake in shares of iShares Core S&P U.S. Value ETF (NASDAQ:IUSV) by 43.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 15,571 shares of the company’s stock after purchasing an additional 4,711 shares during the quarter. Sovereign Financial Group Inc.’s holdings in iShares Core S&P U.S. Value ETF were worth $1,313,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Chevy Chase Trust Holdings LLC purchased a new stake in iShares Core S&P U.S. Value ETF in the 3rd quarter worth approximately $209,000. Raymond James & Associates lifted its holdings in iShares Core S&P U.S. Value ETF by 12.9% in the third quarter. Raymond James & Associates now owns 287,941 shares of the company’s stock worth $21,486,000 after buying an additional 32,945 shares during the period. Bank of New York Mellon Corp bought a new stake in iShares Core S&P U.S. Value ETF during the 3rd quarter valued at approximately $405,000. Verdence Capital Advisors LLC grew its holdings in shares of iShares Core S&P U.S. Value ETF by 5.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 7,820 shares of the company’s stock worth $584,000 after acquiring an additional 413 shares during the period. Finally, Paul Damon & Associates Inc. purchased a new position in shares of iShares Core S&P U.S. Value ETF in the 3rd quarter valued at approximately $417,000.

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

Shares of NASDAQ IUSV traded up $0.09 during mid-day trading on Wednesday, hitting $88.20. 416,330 shares of the stock traded hands, compared to its average volume of 625,376. The stock has a fifty day moving average price of $87.90 and a 200-day moving average price of $83.88. The company has a market cap of $16.99 billion, a price-to-earnings ratio of 22.53 and a beta of 0.95. iShares Core S&P U.S. Value ETF has a 52 week low of $71.27 and a 52 week high of $90.64.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 22nd were paid a dividend of $0.4397 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend was Thursday, March 21st.

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.