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:IUSGGet Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $186.16 and last traded at $185.96, with a volume of 86590 shares traded. The stock had previously closed at $185.69.

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

The stock has a market capitalization of $31.76 billion, a price-to-earnings ratio of 32.52 and a beta of 1.16. The company has a 50-day moving average of $166.90 and a 200-day moving average of $167.27.

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

The business 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 dividend yield of 0.4%. The ex-dividend date was Tuesday, March 17th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its position in shares of iShares Core S&P U.S. Growth ETF by 4.4% during the 4th quarter. Bank of America Corp DE now owns 43,507,215 shares of the company’s stock worth $7,306,602,000 after purchasing an additional 1,853,499 shares during the last quarter. LPL Financial LLC grew its stake in iShares Core S&P U.S. Growth ETF by 1.4% in the 4th quarter. LPL Financial LLC now owns 14,224,602 shares of the company’s stock worth $2,388,880,000 after acquiring an additional 191,247 shares during the period. Valpey Financial Services LLC grew its stake 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 worth $592,041,000 after acquiring an additional 3,504,253 shares during the period. Envestnet Asset Management Inc. grew its stake in iShares Core S&P U.S. Growth ETF by 9.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,250,952 shares of the company’s stock worth $370,372,000 after acquiring an additional 200,984 shares during the period. Finally, Merit Financial Group LLC grew its stake in iShares Core S&P U.S. Growth ETF by 15.2% in the 4th quarter. Merit Financial Group LLC now owns 1,626,452 shares of the company’s stock worth $273,146,000 after acquiring an additional 214,255 shares during the period.

iShares Core S&P U.S. Growth ETF Company Profile

(Get Free Report)

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.

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