GDS Wealth Management Reduces Stake in iShares Core S&P U.S. Value ETF $IUSV

GDS Wealth Management decreased its position in shares of iShares Core S&P U.S. Value ETF (NASDAQ:IUSV) by 15.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 314,844 shares of the company’s stock after selling 56,183 shares during the quarter. iShares Core S&P U.S. Value ETF accounts for 2.2% of GDS Wealth Management’s portfolio, making the stock its 5th largest position. GDS Wealth Management owned about 0.14% of iShares Core S&P U.S. Value ETF worth $29,794,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in IUSV. Bank of New York Mellon Corp boosted its position in shares of iShares Core S&P U.S. Value ETF by 11.0% during the first quarter. Bank of New York Mellon Corp now owns 2,694 shares of the company’s stock valued at $249,000 after buying an additional 266 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of iShares Core S&P U.S. Value ETF by 5.5% during the 1st quarter. IFP Advisors Inc now owns 3,326 shares of the company’s stock valued at $307,000 after acquiring an additional 172 shares during the last quarter. Allianz Asset Management GmbH bought a new stake in shares of iShares Core S&P U.S. Value ETF in the first quarter worth approximately $951,000. PFG Advisors grew its stake in shares of iShares Core S&P U.S. Value ETF by 9.0% in the first quarter. PFG Advisors now owns 18,915 shares of the company’s stock worth $1,746,000 after acquiring an additional 1,554 shares during the period. Finally, Choreo LLC raised its holdings in shares of iShares Core S&P U.S. Value ETF by 36.4% during the first quarter. Choreo LLC now owns 14,876 shares of the company’s stock valued at $1,373,000 after purchasing an additional 3,972 shares during the last quarter.

iShares Core S&P U.S. Value ETF Trading Down 0.4%

Shares of IUSV stock opened at $99.50 on Thursday. The firm’s 50 day moving average is $100.19 and its 200 day moving average is $96.65. The stock has a market capitalization of $23.13 billion, a P/E ratio of 20.41 and a beta of 0.90. iShares Core S&P U.S. Value ETF has a 12-month low of $80.14 and a 12-month high of $102.75.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Tuesday, September 16th were given a dividend of $0.4714 per share. This represents a $1.89 dividend on an annualized basis and a yield of 1.9%. This is a boost from iShares Core S&P U.S. Value ETF’s previous quarterly dividend of $0.43. The ex-dividend date was Tuesday, September 16th.

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.