PNC Financial Services Group Inc. Increases Stock Position in iShares Core S&P U.S. Value ETF $IUSV

PNC Financial Services Group Inc. grew its position in iShares Core S&P U.S. Value ETF (NASDAQ:IUSV) by 18.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,437,925 shares of the company’s stock after buying an additional 218,862 shares during the quarter. PNC Financial Services Group Inc. owned 0.61% of iShares Core S&P U.S. Value ETF worth $147,028,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Motco acquired a new position in iShares Core S&P U.S. Value ETF during the 4th quarter worth about $29,000. Motiv8 Investments LLC acquired a new position in iShares Core S&P U.S. Value ETF in the 4th quarter valued at about $35,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in iShares Core S&P U.S. Value ETF in the 4th quarter valued at about $35,000. Physician Wealth Advisors Inc. purchased a new stake in iShares Core S&P U.S. Value ETF during the first quarter worth about $36,000. Finally, Garton & Associates Financial Advisors LLC purchased a new stake in iShares Core S&P U.S. Value ETF during the fourth quarter worth about $37,000.

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

Shares of IUSV opened at $111.88 on Thursday. The stock has a market capitalization of $27.12 billion, a PE ratio of 20.41 and a beta of 0.83. iShares Core S&P U.S. Value ETF has a 1 year low of $93.91 and a 1 year high of $113.25. The company’s 50-day simple moving average is $110.41 and its 200-day simple moving average is $107.11.

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

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a dividend of $0.4504 per share. This represents a $1.80 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Monday, June 15th. This is an increase from iShares Core S&P U.S. Value ETF’s previous quarterly dividend of $0.39.

iShares Core S&P U.S. Value ETF Profile

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.