Northwestern Mutual Wealth Management Co. Has $56.95 Million Stock Position in iShares Core S&P U.S. Growth ETF $IUSG

Northwestern Mutual Wealth Management Co. reduced its position in shares of iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) by 32.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 339,096 shares of the company’s stock after selling 166,301 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares Core S&P U.S. Growth ETF were worth $56,948,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Pinnacle Associates Ltd. raised its stake in iShares Core S&P U.S. Growth ETF by 15.8% during the 4th quarter. Pinnacle Associates Ltd. now owns 2,167 shares of the company’s stock worth $364,000 after buying an additional 295 shares during the period. HighMark Wealth Management LLC raised its stake in iShares Core S&P U.S. Growth ETF by 6,590.9% during the 4th quarter. HighMark Wealth Management LLC now owns 736 shares of the company’s stock worth $124,000 after buying an additional 725 shares during the period. Foundry Financial Group Inc. raised its stake in iShares Core S&P U.S. Growth ETF by 8.2% during the 4th quarter. Foundry Financial Group Inc. now owns 68,969 shares of the company’s stock worth $11,583,000 after buying an additional 5,240 shares during the period. Meridian Wealth Management LLC raised its stake in iShares Core S&P U.S. Growth ETF by 5.0% during the 4th quarter. Meridian Wealth Management LLC now owns 5,411 shares of the company’s stock worth $909,000 after buying an additional 259 shares during the period. Finally, Fourth Dimension Wealth LLC raised its stake in iShares Core S&P U.S. Growth ETF by 7.0% during the 4th quarter. Fourth Dimension Wealth LLC now owns 4,810 shares of the company’s stock worth $808,000 after buying an additional 314 shares during the period.

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

IUSG stock opened at $186.68 on Monday. The stock’s 50 day simple moving average is $168.34 and its 200 day simple moving average is $167.70. iShares Core S&P U.S. Growth ETF has a fifty-two week low of $137.88 and a fifty-two week high of $189.93. The company has a market cap of $31.62 billion, a P/E ratio of 32.52 and a beta of 1.16.

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. Shareholders of record on Tuesday, March 17th were issued a dividend of $0.1752 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Tuesday, March 17th.

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.