iShares Core S&P U.S. Growth ETF $IUSG Stock: Charles Schwab Trust Co Reduces Stake

Charles Schwab Trust Co decreased its position in shares of iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) by 7.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 234,363 shares of the company’s stock after selling 19,943 shares during the period. iShares Core S&P U.S. Growth ETF comprises 2.6% of Charles Schwab Trust Co’s investment portfolio, making the stock its 12th largest position. Charles Schwab Trust Co’s holdings in iShares Core S&P U.S. Growth ETF were worth $45,408,000 at the end of the most recent reporting period.

A number of other institutional investors have also 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 buying an additional 9,267,343 shares during the period. SHP Wealth Management bought a new stake in shares of iShares Core S&P U.S. Growth ETF in the fourth quarter worth $78,328,000. Envestnet Asset Management Inc. increased its position in iShares Core S&P U.S. Growth ETF by 10.4% during the second quarter. Envestnet Asset Management Inc. now owns 3,166,362 shares of the company’s stock valued at $595,533,000 after acquiring an additional 298,332 shares during the last quarter. Align Financial LLC purchased a new stake in iShares Core S&P U.S. Growth ETF during the fourth quarter valued at $34,042,000. Finally, Royal Bank of Canada grew its stake in shares of iShares Core S&P U.S. Growth ETF by 13.6% during the 1st quarter. Royal Bank of Canada now owns 1,220,118 shares of the company’s stock valued at $189,253,000 after purchasing an additional 145,703 shares during the period.

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

Shares of NASDAQ:IUSG traded down $0.66 during mid-day trading on Thursday, reaching $192.43. 254,108 shares of the company traded hands, compared to its average volume of 676,102. The company’s 50 day moving average price is $192.66 and its 200-day moving average price is $185.17. The firm has a market cap of $33.87 billion, a PE ratio of 32.52 and a beta of 1.16. iShares Core S&P U.S. Growth ETF has a 52 week low of $148.39 and a 52 week high of $200.01.

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

The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were paid a dividend of $0.2445 per share. This is a positive change from iShares Core S&P U.S. Growth ETF’s previous quarterly dividend of $0.2356. The ex-dividend date was Tuesday, September 15th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 0.5%.

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.