Renasant Bank Makes New $2.56 Million Investment in iShares Core S&P U.S. Value ETF $IUSV

Renasant Bank bought a new position in iShares Core S&P U.S. Value ETF (NASDAQ:IUSV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 23,224 shares of the company’s stock, valued at approximately $2,558,000. iShares Core S&P U.S. Value ETF comprises about 1.6% of Renasant Bank’s investment portfolio, making the stock its 17th largest position.

Other institutional investors have also modified their holdings of the company. Auto Owners Insurance Co boosted its holdings in iShares Core S&P U.S. Value ETF by 15,983.5% in the fourth quarter. Auto Owners Insurance Co now owns 138,961,020 shares of the company’s stock worth $13,896,102,000 after purchasing an additional 138,097,020 shares during the period. Bank of America Corp DE raised its holdings in shares of iShares Core S&P U.S. Value ETF by 3.9% during the fourth quarter. Bank of America Corp DE now owns 83,401,630 shares of the company’s stock worth $8,552,003,000 after purchasing an additional 3,168,089 shares during the period. Valpey Financial Services LLC raised its holdings in shares of iShares Core S&P U.S. Value ETF by 10,060.9% during the fourth quarter. Valpey Financial Services LLC now owns 2,962,216 shares of the company’s stock worth $303,746,000 after purchasing an additional 2,933,063 shares during the period. Canandaigua National Bank & Trust Co. bought a new position in shares of iShares Core S&P U.S. Value ETF in the 2nd quarter worth about $89,063,000. Finally, BTG Pactual Asset Management US LLC acquired a new position in shares of iShares Core S&P U.S. Value ETF in the 2nd quarter valued at about $77,306,000.

iShares Core S&P U.S. Value ETF Stock Down 0.4%

Shares of IUSV stock opened at $114.43 on Tuesday. The company has a market cap of $27.70 billion, a P/E ratio of 20.41 and a beta of 0.83. The business has a 50 day moving average of $112.78 and a two-hundred day moving average of $108.84. iShares Core S&P U.S. Value ETF has a 52 week low of $97.64 and a 52 week high of $116.19.

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

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a $0.4504 dividend. The ex-dividend date was Monday, June 15th. This represents a $1.80 annualized dividend and a yield of 1.6%. This is a boost from iShares Core S&P U.S. Value ETF’s previous quarterly dividend of $0.39.

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.