iShares Core S&P U.S. Growth ETF $IUSG Stock: Tennessee Valley Asset Management Partners Lowers Holdings

Tennessee Valley Asset Management Partners lessened its holdings in iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) by 2.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 321,893 shares of the company’s stock after selling 7,422 shares during the quarter. iShares Core S&P U.S. Growth ETF accounts for approximately 6.8% of Tennessee Valley Asset Management Partners’ investment portfolio, making the stock its 2nd biggest position. Tennessee Valley Asset Management Partners owned about 0.18% of iShares Core S&P U.S. Growth ETF worth $62,367,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of IUSG. Merkkuri Wealth Advisors LLC lifted its position in shares of iShares Core S&P U.S. Growth ETF by 1.6% during the 3rd quarter. Merkkuri Wealth Advisors LLC now owns 43,507 shares of the company’s stock worth $8,430,000 after buying an additional 704 shares during the last quarter. Asset Dedication LLC bought a new position in iShares Core S&P U.S. Growth ETF in the third quarter valued at about $59,000. United Advisor Group LLC grew its position in iShares Core S&P U.S. Growth ETF by 3.5% in the third quarter. United Advisor Group LLC now owns 5,631 shares of the company’s stock valued at $1,091,000 after acquiring an additional 190 shares during the last quarter. Phoenix Wealth Advisors raised its stake in iShares Core S&P U.S. Growth ETF by 0.8% during the third quarter. Phoenix Wealth Advisors now owns 48,787 shares of the company’s stock worth $9,452,000 after acquiring an additional 378 shares in the last quarter. Finally, Droms Strauss Advisors Inc. MO ADV acquired a new position in iShares Core S&P U.S. Growth ETF during the third quarter worth about $1,229,000.

iShares Core S&P U.S. Growth ETF Stock Up 1.0%

Shares of IUSG stock traded up $1.70 on Friday, reaching $177.05. The company had a trading volume of 1,429,806 shares, compared to its average volume of 675,358. The stock has a market capitalization of $31.38 billion, a PE ratio of 24.95 and a beta of 1.16. iShares Core S&P U.S. Growth ETF has a one year low of $148.39 and a one year high of $200.01. The business’s 50-day moving average is $190.90 and its 200 day moving average is $180.58.

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

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were issued a dividend of $0.2445 per share. This is a boost from iShares Core S&P U.S. Growth ETF’s previous quarterly dividend of $0.2356. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.98 annualized dividend and a dividend yield of 0.6%.

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.