iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) Sets New 12-Month High – Here’s Why

Shares of iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $195.72 and last traded at $195.59, with a volume of 389982 shares trading hands. The stock had previously closed at $191.08.

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

The business has a fifty day simple moving average of $188.95 and a 200 day simple moving average of $180.74. The stock has a market cap of $34.17 billion, a price-to-earnings ratio of 32.52 and a beta of 1.16.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were given a $0.2445 dividend. This is an increase from iShares Core S&P U.S. Growth ETF’s previous quarterly dividend of $0.24. This represents a $0.98 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Tuesday, September 15th.

Institutional Trading of iShares Core S&P U.S. Growth ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IUSG. Bank of America Corp DE lifted its holdings in iShares Core S&P U.S. Growth ETF by 21.3% in the 1st quarter. Bank of America Corp DE now owns 52,774,558 shares of the company’s stock valued at $8,185,862,000 after purchasing an additional 9,267,343 shares in the last quarter. LPL Financial LLC grew its holdings in shares of iShares Core S&P U.S. Growth ETF by 1.4% during the fourth quarter. LPL Financial LLC now owns 14,224,602 shares of the company’s stock worth $2,388,880,000 after buying an additional 191,247 shares in the last quarter. Valpey Financial Services LLC raised its position in shares of iShares Core S&P U.S. Growth ETF by 16,640.2% in the fourth quarter. Valpey Financial Services LLC now owns 3,525,312 shares of the company’s stock valued at $592,041,000 after buying an additional 3,504,253 shares during the last quarter. Royal Bank of Canada raised its position in shares of iShares Core S&P U.S. Growth ETF by 13.6% in the first quarter. Royal Bank of Canada now owns 1,220,118 shares of the company’s stock valued at $189,253,000 after buying an additional 145,703 shares during the last quarter. Finally, Kestra Investment Management LLC raised its position in shares of iShares Core S&P U.S. Growth ETF by 40.5% in the fourth quarter. Kestra Investment Management LLC now owns 1,131,808 shares of the company’s stock valued at $190,076,000 after buying an additional 326,483 shares during the last quarter.

iShares Core S&P U.S. Growth ETF Company Profile

The iShares Core S&P U.S. Growth ETF (IUSG) is an exchange-traded fund that is based on the S&P 900 Growth index. The fund tracks an index of US large- and mid-cap growth stocks. The index selects from stocks ranked 1-3000 by market cap based on fundamental growth factors. IUSG was launched on Jul 24, 2000 and is managed by BlackRock.