Kovack Advisors Inc. Buys 3,388 Shares of iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG)

Posted by Wayne Rhoads on Feb 27th, 2025

Kovack Advisors Inc. increased its holdings in shares of iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG – Free Report) by 35.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,871 shares of the company’s stock after acquiring an additional 3,388 shares during the quarter. Kovack Advisors Inc.’s holdings in iShares Core S&P U.S. Growth ETF were worth $1,794,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Cerity Partners LLC grew its holdings in iShares Core S&P U.S. Growth ETF by 124.9% during the third quarter. Cerity Partners LLC now owns 9,014 shares of the company’s stock worth $1,189,000 after purchasing an additional 5,006 shares during the period. JPMorgan Chase & Co. raised its position in shares of iShares Core S&P U.S. Growth ETF by 6.1% in the third quarter. JPMorgan Chase & Co. now owns 1,339,301 shares of the company’s stock valued at $176,667,000 after buying an additional 76,917 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in iShares Core S&P U.S. Growth ETF by 83.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 9,164 shares of the company’s stock valued at $1,280,000 after purchasing an additional 4,172 shares in the last quarter. Empowered Funds LLC acquired a new position in iShares Core S&P U.S. Growth ETF during the fourth quarter valued at approximately $83,000. Finally, Orion Portfolio Solutions LLC increased its holdings in shares of iShares Core S&P U.S. Growth ETF by 5.0% during the third quarter. Orion Portfolio Solutions LLC now owns 10,711 shares of the company’s stock worth $1,413,000 after buying an additional 513 shares in the last quarter.

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

Shares of NASDAQ:IUSG opened at $139.74 on Thursday. The company has a fifty day moving average of $142.54 and a 200-day moving average of $136.46. The company has a market capitalization of $21.07 billion, a PE ratio of 32.99 and a beta of 1.06. iShares Core S&P U.S. Growth ETF has a 52-week low of $109.63 and a 52-week high of $146.99.

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

The firm also recently disclosed a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were paid a $0.254 dividend. This is a boost from iShares Core S&P U.S. Growth ETF’s previous dividend of $0.25. The ex-dividend date was Tuesday, December 17th.

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

(Free Report)

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.