iShares Core S&P U.S. Value ETF (NASDAQ:IUSV) Sees Large Volume Increase Following Dividend Announcement

Shares of iShares Core S&P U.S. Value ETF (NASDAQ:IUSV) saw unusually-high trading volume on Monday following a dividend announcement from the company. Approximately 1,654,780 shares traded hands during trading, an increase of 208% from the previous session’s volume of 536,810 shares.The stock last traded at $95.89 and had previously closed at $96.18.

The newly announced dividend which will be paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th will be paid a dividend of $0.5456 per share. The ex-dividend date is Tuesday, December 17th.

iShares Core S&P U.S. Value ETF Stock Down 2.4 %

The business has a 50-day moving average price of $96.92 and a 200-day moving average price of $93.30. The firm has a market capitalization of $18.72 billion, a price-to-earnings ratio of 22.96 and a beta of 0.95.

Institutional Investors Weigh In On iShares Core S&P U.S. Value ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James & Associates increased its stake in shares of iShares Core S&P U.S. Value ETF by 8.4% during the second quarter. Raymond James & Associates now owns 497,286 shares of the company’s stock worth $43,826,000 after buying an additional 38,613 shares during the period. Richard W. Paul & Associates LLC increased its position in iShares Core S&P U.S. Value ETF by 5.8% during the second quarter. Richard W. Paul & Associates LLC now owns 143,163 shares of the company’s stock worth $12,617,000 after buying an additional 7,825 shares during the period. &PARTNERS lifted its stake in iShares Core S&P U.S. Value ETF by 315.9% in the second quarter. &PARTNERS now owns 21,206 shares of the company’s stock valued at $1,869,000 after buying an additional 16,107 shares during the last quarter. Diversified LLC purchased a new position in shares of iShares Core S&P U.S. Value ETF during the second quarter worth approximately $230,000. Finally, Boyd Wealth Management LLC increased its holdings in shares of iShares Core S&P U.S. Value ETF by 10.1% in the 2nd quarter. Boyd Wealth Management LLC now owns 8,878 shares of the company’s stock valued at $782,000 after acquiring an additional 815 shares during the period.

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.