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) hit a new 52-week high during mid-day trading on Thursday. The stock traded as high as $116.41 and last traded at $116.38, with a volume of 40,293 shares. The stock had previously closed at $115.60.

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

The business’s fifty day simple moving average is $113.50 and its 200 day simple moving average is $109.49. The firm has a market capitalization of $28.45 billion, a price-to-earnings ratio of 20.41 and a beta of 0.83.

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

The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were given a $0.4911 dividend. This represents a $1.96 dividend on an annualized basis and a 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 Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc increased its holdings in shares of iShares Core S&P U.S. Value ETF by 3.7% in the 3rd quarter. IFP Advisors Inc now owns 2,672 shares of the company’s stock valued at $295,000 after acquiring an additional 96 shares during the last quarter. Accel Wealth Management boosted its holdings in iShares Core S&P U.S. Value ETF by 4.4% in the third quarter. Accel Wealth Management now owns 2,352 shares of the company’s stock valued at $259,000 after purchasing an additional 99 shares in the last quarter. DGS Capital Management LLC increased its stake in iShares Core S&P U.S. Value ETF by 1.5% in the first quarter. DGS Capital Management LLC now owns 6,992 shares of the company’s stock valued at $715,000 after purchasing an additional 101 shares during the last quarter. Verity Asset Management Inc. increased its stake in iShares Core S&P U.S. Value ETF by 1.1% in the third quarter. Verity Asset Management Inc. now owns 9,736 shares of the company’s stock valued at $1,074,000 after purchasing an additional 107 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich increased its stake in iShares Core S&P U.S. Value ETF by 9.1% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,340 shares of the company’s stock valued at $148,000 after purchasing an additional 112 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.