Valmark Advisers Inc. Cuts Position in iShares Core S&P U.S. Growth ETF $IUSG

Valmark Advisers Inc. reduced its holdings in shares of iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) by 5.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 187,859 shares of the company’s stock after selling 10,757 shares during the period. Valmark Advisers Inc.’s holdings in iShares Core S&P U.S. Growth ETF were worth $29,139,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Brighton Jones LLC boosted its position in iShares Core S&P U.S. Growth ETF by 1.7% during the 4th quarter. Brighton Jones LLC now owns 12,213 shares of the company’s stock worth $1,702,000 after purchasing an additional 199 shares during the period. Goldman Sachs Group Inc. boosted its position 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 acquired a new stake in shares of iShares Core S&P U.S. Growth ETF in the second quarter valued at about $1,994,000. NewEdge Advisors LLC grew 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 valued at $6,632,000 after buying an additional 1,842 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of iShares Core S&P U.S. Growth ETF by 1.3% during the 2nd quarter. Alliancebernstein L.P. now owns 237,423 shares of the company’s stock valued at $35,708,000 after buying an additional 3,047 shares during the period.

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

iShares Core S&P U.S. Growth ETF stock traded up $1.08 during midday trading on Friday, hitting $189.39. 362,989 shares of the company were exchanged, compared to its average volume of 789,404. The company has a market cap of $32.44 billion, a PE ratio of 32.52 and a beta of 1.16. iShares Core S&P U.S. Growth ETF has a fifty-two week low of $148.39 and a fifty-two week high of $193.85. The company’s fifty day moving average price is $186.40 and its 200-day moving average price is $173.20.

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

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a dividend of $0.2356 per share. The ex-dividend date of this dividend was Monday, June 15th. This is an increase from iShares Core S&P U.S. Growth ETF’s previous quarterly dividend of $0.18. This represents a $0.94 dividend on an annualized basis and a dividend yield of 0.5%.

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.