Kestra Investment Management LLC Purchases Shares of 1,515,349 iShares Core S&P U.S. Value ETF (NASDAQ:IUSV)

Kestra Investment Management LLC purchased a new stake in iShares Core S&P U.S. Value ETF (NASDAQ:IUSV) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,515,349 shares of the company’s stock, valued at approximately $133,548,000. iShares Core S&P U.S. Value ETF accounts for about 9.1% of Kestra Investment Management LLC’s investment portfolio, making the stock its largest position.

A number of other hedge funds have also recently bought and sold shares of the stock. LPL Financial LLC boosted its holdings in iShares Core S&P U.S. Value ETF by 5.2% in the 2nd quarter. LPL Financial LLC now owns 12,934,444 shares of the company’s stock valued at $1,139,913,000 after purchasing an additional 637,572 shares during the period. Signaturefd LLC lifted its holdings in shares of iShares Core S&P U.S. Value ETF by 0.7% during the 2nd quarter. Signaturefd LLC now owns 4,270,820 shares of the company’s stock worth $376,387,000 after acquiring an additional 28,060 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of iShares Core S&P U.S. Value ETF by 7.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,137,440 shares of the company’s stock worth $364,633,000 after acquiring an additional 298,653 shares during the period. Aspiriant LLC lifted its holdings in shares of iShares Core S&P U.S. Value ETF by 3.8% during the 2nd quarter. Aspiriant LLC now owns 2,860,399 shares of the company’s stock worth $252,089,000 after acquiring an additional 105,292 shares during the period. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of iShares Core S&P U.S. Value ETF by 3.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 1,431,681 shares of the company’s stock worth $129,481,000 after acquiring an additional 44,517 shares during the period.

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

NASDAQ:IUSV opened at $95.49 on Tuesday. The company has a 50-day moving average of $92.74 and a 200-day moving average of $89.98. The company has a market capitalization of $19.00 billion, a price-to-earnings ratio of 22.96 and a beta of 0.95. iShares Core S&P U.S. Value ETF has a 52 week low of $71.27 and a 52 week high of $95.66.

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

The firm also recently disclosed a dividend, which was paid on Monday, September 30th. Stockholders of record on Wednesday, September 25th were issued a dividend of $0.5824 per share. This is an increase from iShares Core S&P U.S. Value ETF’s previous dividend of $0.44. The ex-dividend date of this dividend was Wednesday, September 25th.

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.