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

iShares Core S&P U.S. Value ETF (NASDAQ:IUSV)’s share price reached a new 52-week high on Wednesday. The company traded as high as $117.20 and last traded at $116.9970, with a volume of 53,632 shares. The stock had previously closed at $115.30.

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

The company has a market cap of $28.87 billion, a PE ratio of 21.93 and a beta of 0.84. The business has a fifty day simple moving average of $113.52 and a two-hundred day simple moving average of $109.59.

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

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were given a $0.4911 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 15th. This is a positive change from iShares Core S&P U.S. Value ETF’s previous quarterly dividend of $0.4504.

Institutional Investors Weigh In On iShares Core S&P U.S. Value ETF

A number of institutional investors have recently added to or reduced their stakes in IUSV. Envestnet Asset Management Inc. lifted its stake in iShares Core S&P U.S. Value ETF by 5.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,575,951 shares of the company’s stock valued at $834,477,000 after acquiring an additional 410,930 shares during the period. Signaturefd LLC acquired a new stake in shares of iShares Core S&P U.S. Value ETF in the third quarter worth $559,762,000. Aspiriant LLC acquired a new stake in shares of iShares Core S&P U.S. Value ETF in the third quarter worth $415,952,000. Royal Bank of Canada increased its stake in shares of iShares Core S&P U.S. Value ETF by 2.0% in the first quarter. Royal Bank of Canada now owns 1,508,476 shares of the company’s stock worth $154,242,000 after acquiring an additional 29,887 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in shares of iShares Core S&P U.S. Value ETF by 18.0% during the first quarter. PNC Financial Services Group Inc. now owns 1,437,925 shares of the company’s stock worth $147,028,000 after purchasing an additional 218,862 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.