Renasant Bank Buys New Stake in iShares Core S&P U.S. Value ETF $IUSV

Renasant Bank bought a new stake in shares of iShares Core S&P U.S. Value ETF (NASDAQ:IUSV) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 23,224 shares of the company’s stock, valued at approximately $2,558,000. iShares Core S&P U.S. Value ETF makes up 1.6% of Renasant Bank’s portfolio, making the stock its 17th largest position.

Several other hedge funds have also recently added to or reduced their stakes in the business. Prudent Investors Network Inc. grew its stake in shares of iShares Core S&P U.S. Value ETF by 1.7% in the fourth quarter. Prudent Investors Network Inc. now owns 5,673 shares of the company’s stock worth $582,000 after purchasing an additional 96 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its stake in shares of iShares Core S&P U.S. Value ETF by 8.1% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 1,329 shares of the company’s stock valued at $136,000 after purchasing an additional 100 shares in the last quarter. Litman Gregory Wealth Management LLC lifted its holdings in iShares Core S&P U.S. Value ETF by 0.8% in the fourth quarter. Litman Gregory Wealth Management LLC now owns 13,253 shares of the company’s stock worth $1,359,000 after purchasing an additional 100 shares during the period. Parallel Advisors LLC lifted its holdings in iShares Core S&P U.S. Value ETF by 2.1% in the fourth quarter. Parallel Advisors LLC now owns 4,861 shares of the company’s stock worth $499,000 after purchasing an additional 101 shares during the period. Finally, Intrua Financial LLC grew its position in iShares Core S&P U.S. Value ETF by 2.8% in the 1st quarter. Intrua Financial LLC now owns 3,681 shares of the company’s stock valued at $376,000 after buying an additional 101 shares in the last quarter.

iShares Core S&P U.S. Value ETF Stock Down 0.4%

Shares of IUSV opened at $114.43 on Tuesday. The firm has a market capitalization of $27.70 billion, a PE ratio of 20.41 and a beta of 0.83. The firm has a 50-day moving average price of $112.78 and a 200 day moving average price of $108.84. iShares Core S&P U.S. Value ETF has a 52-week low of $97.64 and a 52-week high of $116.19.

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

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a $0.4504 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.6%. 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 Company 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.