Merit Financial Group LLC Has $166.95 Million Stock Holdings in iShares Core S&P U.S. Value ETF (NASDAQ:IUSV)

Merit Financial Group LLC decreased its stake in iShares Core S&P U.S. Value ETF (NASDAQ:IUSV) by 23.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,803,053 shares of the company’s stock after selling 563,545 shares during the quarter. iShares Core S&P U.S. Value ETF accounts for about 3.0% of Merit Financial Group LLC’s portfolio, making the stock its 3rd largest position. Merit Financial Group LLC’s holdings in iShares Core S&P U.S. Value ETF were worth $166,945,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in iShares Core S&P U.S. Value ETF by 13.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,862,473 shares of the company’s stock worth $177,848,000 after buying an additional 219,149 shares during the last quarter. Bleakley Financial Group LLC bought a new stake in shares of iShares Core S&P U.S. Value ETF in the 3rd quarter worth approximately $207,000. MB Generational Wealth LLC purchased a new stake in shares of iShares Core S&P U.S. Value ETF in the 3rd quarter valued at $208,000. Orion Portfolio Solutions LLC grew its holdings in shares of iShares Core S&P U.S. Value ETF by 65.9% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 8,820 shares of the company’s stock valued at $842,000 after purchasing an additional 3,504 shares during the last quarter. Finally, Leavell Investment Management Inc. raised its position in iShares Core S&P U.S. Value ETF by 50.1% in the 3rd quarter. Leavell Investment Management Inc. now owns 3,714 shares of the company’s stock worth $355,000 after purchasing an additional 1,240 shares during the period.

iShares Core S&P U.S. Value ETF Stock Up 0.7 %

NASDAQ IUSV opened at $94.30 on Friday. The company has a 50-day simple moving average of $95.59 and a two-hundred day simple moving average of $93.99. iShares Core S&P U.S. Value ETF has a 12-month low of $82.41 and a 12-month high of $100.29. The firm has a market cap of $20.21 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 business also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were issued a dividend of $0.5456 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

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.