iShares Core S&P U.S. Value ETF (NASDAQ:IUSV) Hits New 12-Month High – Still a Buy?

iShares Core S&P U.S. Value ETF (NASDAQ:IUSV)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $109.34 and last traded at $109.28, with a volume of 620775 shares trading hands. The stock had previously closed at $108.50.

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

The firm has a market cap of $26.12 billion, a price-to-earnings ratio of 20.41 and a beta of 0.83. The firm has a fifty day simple moving average of $105.26 and a two-hundred day simple moving average of $104.43.

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. Investors of record on Tuesday, March 17th were paid a $0.3925 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $1.57 dividend on an annualized basis and a yield of 1.4%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. TrueWealth Financial Partners purchased a new stake in shares of iShares Core S&P U.S. Value ETF during the first quarter valued at $579,000. Western Wealth Management LLC raised its stake in iShares Core S&P U.S. Value ETF by 1.9% in the 1st quarter. Western Wealth Management LLC now owns 21,026 shares of the company’s stock worth $2,150,000 after acquiring an additional 397 shares during the last quarter. McIlrath & Eck LLC raised its stake in iShares Core S&P U.S. Value ETF by 64.7% in the 1st quarter. McIlrath & Eck LLC now owns 4,419 shares of the company’s stock worth $452,000 after acquiring an additional 1,736 shares during the last quarter. Eley Financial Management Inc lifted its position in iShares Core S&P U.S. Value ETF by 1.6% during the 1st quarter. Eley Financial Management Inc now owns 51,500 shares of the company’s stock worth $5,266,000 after acquiring an additional 815 shares during the period. Finally, Arkadios Wealth Advisors grew its stake in iShares Core S&P U.S. Value ETF by 13.5% during the 1st quarter. Arkadios Wealth Advisors now owns 57,409 shares of the company’s stock valued at $5,870,000 after purchasing an additional 6,839 shares during 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.