iShares Core S&P U.S. Value ETF (NASDAQ:IUSV) Sets New 1-Year High – Here’s Why

iShares Core S&P U.S. Value ETF (NASDAQ:IUSV)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $105.87 and last traded at $105.82, with a volume of 317731 shares changing hands. The stock had previously closed at $105.22.

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

The stock has a market capitalization of $24.71 billion, a price-to-earnings ratio of 20.41 and a beta of 0.90. The stock has a 50 day moving average price of $103.87 and a 200-day moving average price of $100.71.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were paid a dividend of $0.5515 per share. This is a boost from iShares Core S&P U.S. Value ETF’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $2.21 annualized dividend and a yield of 2.1%.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. Foundry Financial Group Inc. grew its stake in iShares Core S&P U.S. Value ETF by 2.8% during the 4th quarter. Foundry Financial Group Inc. now owns 78,918 shares of the company’s stock valued at $8,092,000 after acquiring an additional 2,168 shares in the last quarter. Summit Wealth Group LLC Co. purchased a new position in iShares Core S&P U.S. Value ETF in the 4th quarter worth approximately $256,000. World Investment Advisors boosted its holdings in shares of iShares Core S&P U.S. Value ETF by 3.2% during the 4th quarter. World Investment Advisors now owns 9,895 shares of the company’s stock worth $1,007,000 after purchasing an additional 303 shares during the last quarter. Meridian Wealth Management LLC grew its position in shares of iShares Core S&P U.S. Value ETF by 13.3% in the fourth quarter. Meridian Wealth Management LLC now owns 5,390 shares of the company’s stock valued at $553,000 after purchasing an additional 633 shares in the last quarter. Finally, Bailard Inc. grew its position in shares of iShares Core S&P U.S. Value ETF by 4.3% in the fourth quarter. Bailard Inc. now owns 39,482 shares of the company’s stock valued at $4,048,000 after purchasing an additional 1,622 shares in the last quarter.

iShares Core S&P U.S. Value ETF Company Profile

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.