iShares Core S&P U.S. Value ETF (NASDAQ:IUSV) Sees Unusually-High Trading Volume – Here’s Why

Shares of iShares Core S&P U.S. Value ETF (NASDAQ:IUSV) saw an uptick in trading volume on Tuesday . 810,114 shares changed hands during mid-day trading, an increase of 42% from the previous session’s volume of 570,566 shares.The stock last traded at $92.67 and had previously closed at $92.51.

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

The stock has a market cap of $18.79 billion, a P/E ratio of 22.96 and a beta of 0.95. The company’s 50 day moving average price is $96.41 and its 200-day moving average price is $93.61.

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

The company also recently announced a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were paid a $0.5456 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp purchased a new stake in iShares Core S&P U.S. Value ETF in the second quarter worth $247,000. International Assets Investment Management LLC bought a new stake in shares of iShares Core S&P U.S. Value ETF during the second quarter valued at about $101,000. Essex Financial Services Inc. lifted its holdings in shares of iShares Core S&P U.S. Value ETF by 2.4% in the second quarter. Essex Financial Services Inc. now owns 11,403 shares of the company’s stock worth $1,005,000 after buying an additional 272 shares in the last quarter. Claro Advisors LLC boosted its position in shares of iShares Core S&P U.S. Value ETF by 70.3% in the second quarter. Claro Advisors LLC now owns 8,917 shares of the company’s stock valued at $786,000 after acquiring an additional 3,682 shares during the period. Finally, Augustine Asset Management Inc. grew its stake in iShares Core S&P U.S. Value ETF by 19.6% during the second quarter. Augustine Asset Management Inc. now owns 4,085 shares of the company’s stock valued at $360,000 after acquiring an additional 670 shares in the last quarter.

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.