iShares Core S&P U.S. Growth ETF $IUSG Position Reduced by Merit Financial Group LLC

Merit Financial Group LLC decreased its stake in shares of iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) by 8.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,412,238 shares of the company’s stock after selling 127,337 shares during the quarter. iShares Core S&P U.S. Growth ETF makes up 2.1% of Merit Financial Group LLC’s portfolio, making the stock its 4th largest position. Merit Financial Group LLC’s holdings in iShares Core S&P U.S. Growth ETF were worth $232,370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in IUSG. GSG Advisors LLC raised its stake in shares of iShares Core S&P U.S. Growth ETF by 0.6% during the second quarter. GSG Advisors LLC now owns 10,537 shares of the company’s stock valued at $1,585,000 after acquiring an additional 66 shares in the last quarter. Twin Peaks Wealth Advisors LLC grew its stake in iShares Core S&P U.S. Growth ETF by 2.0% in the second quarter. Twin Peaks Wealth Advisors LLC now owns 3,531 shares of the company’s stock worth $558,000 after purchasing an additional 68 shares in the last quarter. Dynamic Advisor Solutions LLC increased its holdings in iShares Core S&P U.S. Growth ETF by 5.1% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 1,414 shares of the company’s stock worth $233,000 after purchasing an additional 68 shares during the period. Neumann Capital Management LLC raised its position in iShares Core S&P U.S. Growth ETF by 0.3% during the 3rd quarter. Neumann Capital Management LLC now owns 27,977 shares of the company’s stock valued at $4,603,000 after purchasing an additional 70 shares in the last quarter. Finally, Global Wealth Strategies & Associates lifted its holdings in shares of iShares Core S&P U.S. Growth ETF by 54.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 231 shares of the company’s stock worth $38,000 after buying an additional 81 shares during the period.

iShares Core S&P U.S. Growth ETF Trading Down 0.2%

IUSG opened at $169.21 on Wednesday. The company has a market capitalization of $26.08 billion, a price-to-earnings ratio of 32.52 and a beta of 1.11. iShares Core S&P U.S. Growth ETF has a 12-month low of $108.91 and a 12-month high of $172.33. The business’s fifty day simple moving average is $167.50 and its 200-day simple moving average is $160.67.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were issued a dividend of $0.2627 per share. This represents a $1.05 annualized dividend and a yield of 0.6%. The ex-dividend date was Tuesday, December 16th. This is a positive change from iShares Core S&P U.S. Growth ETF’s previous quarterly dividend of $0.25.

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