iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) Sets New 12-Month High – Here’s Why

iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) reached a new 52-week high on Monday . The stock traded as high as $195.72 and last traded at $195.59, with a volume of 389982 shares trading hands. The stock had previously closed at $191.08.

iShares Core S&P U.S. Growth ETF Trading Up 2.2%

The stock’s 50-day moving average is $188.95 and its 200-day moving average is $180.74. The stock has a market cap of $34.17 billion, a price-to-earnings ratio of 32.52 and a beta of 1.16.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.2445 per share. This is an increase from iShares Core S&P U.S. Growth ETF’s previous quarterly dividend of $0.24. This represents a $0.98 annualized dividend and a yield of 0.5%. The ex-dividend date was Tuesday, September 15th.

Hedge Funds Weigh In On iShares Core S&P U.S. Growth ETF

A number of hedge funds have recently made changes to their positions in IUSG. Bank of America Corp DE lifted its holdings in shares of iShares Core S&P U.S. Growth ETF by 21.3% during the 1st quarter. Bank of America Corp DE now owns 52,774,558 shares of the company’s stock valued at $8,185,862,000 after acquiring an additional 9,267,343 shares in the last quarter. LPL Financial LLC boosted its position in iShares Core S&P U.S. Growth ETF by 1.4% during the 4th quarter. LPL Financial LLC now owns 14,224,602 shares of the company’s stock worth $2,388,880,000 after purchasing an additional 191,247 shares during the period. Valpey Financial Services LLC increased its holdings in iShares Core S&P U.S. Growth ETF by 16,640.2% in the 4th quarter. Valpey Financial Services LLC now owns 3,525,312 shares of the company’s stock valued at $592,041,000 after purchasing an additional 3,504,253 shares in the last quarter. Kestra Investment Management LLC lifted its stake in shares of iShares Core S&P U.S. Growth ETF by 40.5% during the fourth quarter. Kestra Investment Management LLC now owns 1,131,808 shares of the company’s stock worth $190,076,000 after purchasing an additional 326,483 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in shares of iShares Core S&P U.S. Growth ETF by 13.6% during the first quarter. Royal Bank of Canada now owns 1,220,118 shares of the company’s stock worth $189,253,000 after purchasing an additional 145,703 shares in the last quarter.

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.