iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) Reaches New 1-Year High – Here’s Why
by Sarita Garza · The Markets DailyShares of iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG – Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $176.24 and last traded at $176.24, with a volume of 256358 shares traded. The stock had previously closed at $173.71.
iShares Core S&P U.S. Growth ETF Price Performance
The firm has a market capitalization of $30.08 billion, a price-to-earnings ratio of 32.52 and a beta of 1.14. The firm’s fifty day moving average is $163.30 and its 200 day moving average is $165.98.
iShares Core S&P U.S. Growth ETF Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were given a dividend of $0.1752 per share. This represents a $0.70 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Tuesday, March 17th.
Hedge Funds Weigh In On iShares Core S&P U.S. Growth ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Financial Life Planners bought a new position in iShares Core S&P U.S. Growth ETF during the first quarter valued at approximately $26,000. St. Clair Advisors LLC raised its position in iShares Core S&P U.S. Growth ETF by 38.2% during the first quarter. St. Clair Advisors LLC now owns 11,054 shares of the company’s stock valued at $1,715,000 after acquiring an additional 3,056 shares in the last quarter. Premier Path Wealth Partners LLC raised its position in iShares Core S&P U.S. Growth ETF by 21.5% during the first quarter. Premier Path Wealth Partners LLC now owns 3,197 shares of the company’s stock valued at $496,000 after acquiring an additional 565 shares in the last quarter. Foundry Financial Group Inc. raised its position in iShares Core S&P U.S. Growth ETF by 9.9% during the first quarter. Foundry Financial Group Inc. now owns 75,786 shares of the company’s stock valued at $11,755,000 after acquiring an additional 6,817 shares in the last quarter. Finally, Intrua Financial LLC raised its position in iShares Core S&P U.S. Growth ETF by 60.1% during the first quarter. Intrua Financial LLC now owns 5,742 shares of the company’s stock valued at $891,000 after acquiring an additional 2,155 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.