iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) Reaches New 52-Week High – What’s Next?

Shares of iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) reached a new 52-week high during trading on Thursday . The stock traded as high as $190.22 and last traded at $189.65, with a volume of 100192 shares. The stock had previously closed at $188.93.

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

The stock has a market capitalization of $32.46 billion, a PE ratio of 32.52 and a beta of 1.16. The firm’s 50 day simple moving average is $173.38 and its 200 day simple moving average is $169.01.

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

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were paid a $0.1752 dividend. 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 Inflows and Outflows

Several hedge funds have recently made changes to their positions in IUSG. Brighton Jones LLC increased its stake in shares of iShares Core S&P U.S. Growth ETF by 1.7% in the fourth quarter. Brighton Jones LLC now owns 12,213 shares of the company’s stock worth $1,702,000 after buying an additional 199 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of iShares Core S&P U.S. Growth ETF by 35.4% in the first quarter. Goldman Sachs Group Inc. now owns 110,110 shares of the company’s stock worth $13,993,000 after buying an additional 28,807 shares during the period. Marshall Wace LLP purchased a new position in shares of iShares Core S&P U.S. Growth ETF in the second quarter worth $1,994,000. NewEdge Advisors LLC increased its stake in shares of iShares Core S&P U.S. Growth ETF by 4.4% in the second quarter. NewEdge Advisors LLC now owns 44,097 shares of the company’s stock worth $6,632,000 after buying an additional 1,842 shares during the period. Finally, Alliancebernstein L.P. increased its stake in shares of iShares Core S&P U.S. Growth ETF by 1.3% in the second quarter. Alliancebernstein L.P. now owns 237,423 shares of the company’s stock worth $35,708,000 after buying an additional 3,047 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.