iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) Hits New 1-Year High – Should You Buy?

iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $180.09 and last traded at $179.56, with a volume of 118496 shares. The stock had previously closed at $178.27.

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

The firm has a market capitalization of $31.07 billion, a price-to-earnings ratio of 32.52 and a beta of 1.16. The company has a fifty day moving average price of $165.69 and a two-hundred day moving average price of $166.83.

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

The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were given a dividend of $0.1752 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Tuesday, March 17th.

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

Several institutional investors have recently made changes to their positions in IUSG. Valpey Financial Services LLC raised its position in shares of iShares Core S&P U.S. Growth ETF by 16,640.2% during the 4th 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 period. Bank of America Corp DE raised its position in shares of iShares Core S&P U.S. Growth ETF by 4.4% during the 4th quarter. Bank of America Corp DE now owns 43,507,215 shares of the company’s stock valued at $7,306,602,000 after buying an additional 1,853,499 shares during the period. SHP Wealth Management purchased a new stake in shares of iShares Core S&P U.S. Growth ETF during the 4th quarter valued at approximately $78,328,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of iShares Core S&P U.S. Growth ETF during the 3rd quarter valued at approximately $56,521,000. Finally, Kestra Investment Management LLC raised its position in shares of iShares Core S&P U.S. Growth ETF by 40.5% during the 4th 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 period.

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

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.