iShares Core S&P U.S. Value ETF (NASDAQ:IUSV) Sets New 52-Week High – Should You Buy?

iShares Core S&P U.S. Value ETF (NASDAQ:IUSV) shares hit a new 52-week high on Thursday . The company traded as high as $108.30 and last traded at $108.25, with a volume of 557119 shares trading hands. The stock had previously closed at $106.96.

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

The stock’s fifty day simple moving average is $104.62 and its two-hundred day simple moving average is $103.61. The company has a market cap of $25.63 billion, a price-to-earnings ratio of 20.41 and a beta of 0.86.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were paid a $0.3925 dividend. This represents a $1.57 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, March 17th.

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

Hedge funds have recently made changes to their positions in the business. Motco purchased a new position in shares of iShares Core S&P U.S. Value ETF in the 4th quarter valued at $29,000. Ransom Advisory Ltd purchased a new position in shares of iShares Core S&P U.S. Value ETF in the 4th quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of iShares Core S&P U.S. Value ETF in the 4th quarter valued at $35,000. Motiv8 Investments LLC purchased a new position in shares of iShares Core S&P U.S. Value ETF in the 4th quarter valued at $35,000. Finally, Physician Wealth Advisors Inc. purchased a new position in shares of iShares Core S&P U.S. Value ETF in the 1st quarter valued at $36,000.

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.