iShares Core S&P U.S. Value ETF (NASDAQ:IUSV) Sets New 1-Year High – Still a Buy?

iShares Core S&P U.S. Value ETF (NASDAQ:IUSV)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $105.53 and last traded at $105.43, with a volume of 24504 shares changing hands. The stock had previously closed at $105.27.

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

The company has a market capitalization of $24.83 billion, a price-to-earnings ratio of 20.41 and a beta of 0.90. The company has a 50-day moving average price of $102.51 and a 200-day moving average price of $99.71.

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

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were paid a $0.5515 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This is a boost from iShares Core S&P U.S. Value ETF’s previous quarterly dividend of $0.47. This represents a $2.21 annualized dividend and a yield of 2.1%.

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

Several institutional investors and hedge funds have recently made changes to their positions in IUSV. AQR Capital Management LLC raised its stake in iShares Core S&P U.S. Value ETF by 20.7% during the 1st quarter. AQR Capital Management LLC now owns 10,047 shares of the company’s stock worth $927,000 after buying an additional 1,725 shares during the period. Goldman Sachs Group Inc. raised its position in shares of iShares Core S&P U.S. Value ETF by 50.5% during the first quarter. Goldman Sachs Group Inc. now owns 564,215 shares of the company’s stock worth $52,071,000 after purchasing an additional 189,409 shares during the period. Jane Street Group LLC raised its position in shares of iShares Core S&P U.S. Value ETF by 248.0% during the first quarter. Jane Street Group LLC now owns 58,043 shares of the company’s stock worth $5,357,000 after purchasing an additional 41,366 shares during the period. Catalyst Private Wealth LLC lifted its holdings in shares of iShares Core S&P U.S. Value ETF by 46.5% during the 2nd quarter. Catalyst Private Wealth LLC now owns 30,878 shares of the company’s stock valued at $2,922,000 after purchasing an additional 9,808 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its holdings in shares of iShares Core S&P U.S. Value ETF by 3.2% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 104,510 shares of the company’s stock valued at $9,890,000 after purchasing an additional 3,281 shares in 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.