iShares Core S&P U.S. Value ETF (NASDAQ:IUSV) Hits New 1-Year High – Time to Buy?

iShares Core S&P U.S. Value ETF (NASDAQ:IUSV) reached a new 52-week high on Tuesday . The stock traded as high as $110.69 and last traded at $110.67, with a volume of 17237 shares trading hands. The stock had previously closed at $110.35.

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

The company has a fifty day simple moving average of $105.54 and a two-hundred day simple moving average of $104.57. The company has a market capitalization of $26.14 billion, a P/E ratio of 20.41 and a beta of 0.83.

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

The business also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were issued a dividend of $0.3925 per share. This represents a $1.57 annualized dividend and a yield of 1.4%. The ex-dividend date was Tuesday, March 17th.

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

Several institutional investors have recently bought and sold shares of the stock. Auto Owners Insurance Co raised its holdings 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 valued at $13,896,102,000 after buying an additional 138,097,020 shares in the last quarter. Bank of America Corp DE increased its stake in shares of iShares Core S&P U.S. Value ETF by 3.9% in the fourth quarter. Bank of America Corp DE now owns 83,401,630 shares of the company’s stock worth $8,552,003,000 after purchasing an additional 3,168,089 shares during the period. LPL Financial LLC increased 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 worth $1,682,326,000 after purchasing an additional 569,611 shares during the period. Morgan Stanley increased its stake in shares of iShares Core S&P U.S. Value ETF by 7.0% in the fourth quarter. Morgan Stanley now owns 9,720,751 shares of the company’s stock worth $996,766,000 after purchasing an additional 639,948 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in shares of iShares Core S&P U.S. Value ETF by 7.6% in the third quarter. Jones Financial Companies Lllp now owns 6,130,302 shares of the company’s stock worth $609,850,000 after purchasing an additional 432,247 shares during the period.

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.