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)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $104.22 and last traded at $104.12, with a volume of 917455 shares trading hands. The stock had previously closed at $102.95.

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

The business has a 50 day moving average of $102.07 and a two-hundred day moving average of $99.31. The firm has a market capitalization of $24.70 billion, a price-to-earnings ratio of 20.41 and a beta of 0.90.

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

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

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

Large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its position in iShares Core S&P U.S. Value ETF by 7.8% during the third quarter. Bank of America Corp DE now owns 80,233,541 shares of the company’s stock valued at $8,019,342,000 after buying an additional 5,830,890 shares during the period. Symphony Financial Ltd. Co. grew its position in shares of iShares Core S&P U.S. Value ETF by 2,455.4% during the 2nd quarter. Symphony Financial Ltd. Co. now owns 2,438,808 shares of the company’s stock valued at $230,894,000 after acquiring an additional 2,343,370 shares during the period. Foster Group Inc. bought a new position in shares of iShares Core S&P U.S. Value ETF during the 3rd quarter valued at approximately $103,889,000. Envestnet Asset Management Inc. increased its stake in shares of iShares Core S&P U.S. Value ETF by 14.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,252,441 shares of the company’s stock worth $497,039,000 after purchasing an additional 653,023 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of iShares Core S&P U.S. Value ETF by 12.2% during the 1st quarter. Jones Financial Companies Lllp now owns 4,831,365 shares of the company’s stock worth $441,698,000 after purchasing an additional 524,480 shares during the last quarter.

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.