Steele Capital Management Inc. Lowers Stake in iShares Core S&P U.S. Value ETF (NASDAQ:IUSV)

Steele Capital Management Inc. reduced its position in shares of iShares Core S&P U.S. Value ETF (NASDAQ:IUSV) by 2.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 217,691 shares of the company’s stock after selling 4,581 shares during the quarter. iShares Core S&P U.S. Value ETF accounts for approximately 1.1% of Steele Capital Management Inc.’s investment portfolio, making the stock its 22nd biggest holding. Steele Capital Management Inc. owned approximately 0.11% of iShares Core S&P U.S. Value ETF worth $19,688,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of IUSV. Deutsche Bank AG acquired a new position in shares of iShares Core S&P U.S. Value ETF during the 3rd quarter worth about $866,000. Stifel Financial Corp raised its position in shares of iShares Core S&P U.S. Value ETF by 2.3% during the 3rd quarter. Stifel Financial Corp now owns 112,204 shares of the company’s stock worth $8,373,000 after purchasing an additional 2,575 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of iShares Core S&P U.S. Value ETF by 52.7% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 6,930 shares of the company’s stock worth $517,000 after purchasing an additional 2,392 shares during the last quarter. Trexquant Investment LP raised its position in shares of iShares Core S&P U.S. Value ETF by 84.8% during the 3rd quarter. Trexquant Investment LP now owns 11,996 shares of the company’s stock worth $895,000 after purchasing an additional 5,506 shares during the last quarter. Finally, Gallagher Fiduciary Advisors LLC raised its position in shares of iShares Core S&P U.S. Value ETF by 0.3% during the 3rd quarter. Gallagher Fiduciary Advisors LLC now owns 410,524 shares of the company’s stock worth $30,633,000 after purchasing an additional 1,401 shares during the last quarter.

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

Shares of IUSV traded down $0.57 during mid-day trading on Monday, hitting $87.56. 851,110 shares of the company were exchanged, compared to its average volume of 575,713. iShares Core S&P U.S. Value ETF has a 1-year low of $71.27 and a 1-year high of $90.64. The company has a 50 day moving average of $88.32 and a 200-day moving average of $86.87. The stock has a market cap of $16.87 billion, a price-to-earnings ratio of 22.96 and a beta of 0.95.

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, June 11th were issued a $0.4205 dividend. The ex-dividend date of this dividend was Tuesday, June 11th. This represents a $1.68 dividend on an annualized basis and a yield of 1.92%.

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.