iShares Core S&P U.S. Value ETF (NASDAQ:IUSV) Reaches New 52-Week High – Here’s Why

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 $97.29 and last traded at $97.28, with a volume of 279040 shares traded. The stock had previously closed at $96.43.

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

The business has a 50-day simple moving average of $93.72 and a two-hundred day simple moving average of $90.46. The stock has a market cap of $19.76 billion, a price-to-earnings ratio of 22.96 and a beta of 0.95.

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

The firm also recently declared a dividend, which was paid on Monday, September 30th. Investors of record on Wednesday, September 25th were paid a $0.5824 dividend. The ex-dividend date was Wednesday, September 25th. This is a boost from iShares Core S&P U.S. Value ETF’s previous dividend of $0.44.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kestra Investment Management LLC acquired a new stake in shares of iShares Core S&P U.S. Value ETF during the 2nd quarter worth about $133,548,000. Canandaigua National Bank & Trust Co. acquired a new position in shares of iShares Core S&P U.S. Value ETF in the second quarter valued at approximately $57,066,000. LPL Financial LLC increased its stake in shares of iShares Core S&P U.S. Value ETF by 5.2% during the second quarter. LPL Financial LLC now owns 12,934,444 shares of the company’s stock worth $1,139,913,000 after purchasing an additional 637,572 shares during the period. Aspiriant LLC lifted its holdings in iShares Core S&P U.S. Value ETF by 13.5% during the 1st quarter. Aspiriant LLC now owns 2,755,107 shares of the company’s stock worth $249,174,000 after purchasing an additional 328,238 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in iShares Core S&P U.S. Value ETF by 7.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,137,440 shares of the company’s stock worth $364,633,000 after purchasing an additional 298,653 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.