Townsend & Associates Inc Reduces Stake in iShares Core S&P U.S. Value ETF $IUSV

Townsend & Associates Inc lowered its stake in shares of iShares Core S&P U.S. Value ETF (NASDAQ:IUSV) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 443,565 shares of the company’s stock after selling 6,721 shares during the period. iShares Core S&P U.S. Value ETF accounts for about 4.3% of Townsend & Associates Inc’s investment portfolio, making the stock its 4th biggest holding. Townsend & Associates Inc owned approximately 0.20% of iShares Core S&P U.S. Value ETF worth $43,115,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Wealthcare Advisory Partners LLC boosted its position in shares of iShares Core S&P U.S. Value ETF by 5.1% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 3,014 shares of the company’s stock worth $285,000 after purchasing an additional 146 shares in the last quarter. Pure Financial Advisors LLC grew its holdings in shares of iShares Core S&P U.S. Value ETF by 1.8% during the first quarter. Pure Financial Advisors LLC now owns 8,702 shares of the company’s stock valued at $803,000 after buying an additional 155 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of iShares Core S&P U.S. Value ETF by 5.5% in the first quarter. IFP Advisors Inc now owns 3,326 shares of the company’s stock valued at $307,000 after purchasing an additional 172 shares during the period. Harbour Investments Inc. increased its holdings in iShares Core S&P U.S. Value ETF by 14.3% in the 1st quarter. Harbour Investments Inc. now owns 1,388 shares of the company’s stock worth $128,000 after buying an additional 174 shares during the period. Finally, XML Financial LLC increased its stake in shares of iShares Core S&P U.S. Value ETF by 3.2% in the second quarter. XML Financial LLC now owns 5,720 shares of the company’s stock worth $541,000 after acquiring an additional 175 shares during the period.

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

NASDAQ IUSV opened at $99.66 on Monday. The stock has a 50-day simple moving average of $98.86 and a two-hundred day simple moving average of $94.29. The firm has a market capitalization of $23.14 billion, a P/E ratio of 20.41 and a beta of 0.95. iShares Core S&P U.S. Value ETF has a fifty-two week low of $80.14 and a fifty-two week high of $101.22.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 16th were issued a $0.4714 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This is a positive change from iShares Core S&P U.S. Value ETF’s previous quarterly dividend of $0.43. This represents a $1.89 dividend on an annualized basis and a yield of 1.9%.

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.