SHP Wealth Management Acquires Shares of 466,387 iShares Core S&P U.S. Growth ETF $IUSG

SHP Wealth Management bought a new position in iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) during the fourth quarter, HoldingsChannel.com reports. The fund bought 466,387 shares of the company’s stock, valued at approximately $78,328,000. iShares Core S&P U.S. Growth ETF accounts for 6.1% of SHP Wealth Management’s portfolio, making the stock its 3rd biggest position.

Several other institutional investors and hedge funds have also made changes to their positions in IUSG. Valpey Financial Services LLC boosted its stake in shares of iShares Core S&P U.S. Growth ETF by 16,640.2% during the fourth quarter. Valpey Financial Services LLC now owns 3,525,312 shares of the company’s stock valued at $592,041,000 after purchasing an additional 3,504,253 shares during the period. Bank of America Corp DE increased its stake in iShares Core S&P U.S. Growth ETF by 4.4% in 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 buying an additional 1,853,499 shares during the period. Tennessee Valley Asset Management Partners purchased a new position in iShares Core S&P U.S. Growth ETF in the 3rd quarter worth about $56,521,000. Kestra Investment Management LLC lifted its holdings in iShares Core S&P U.S. Growth ETF by 40.5% during the 4th quarter. Kestra Investment Management LLC now owns 1,131,808 shares of the company’s stock valued at $190,076,000 after buying an additional 326,483 shares in the last quarter. Finally, Bleakley Financial Group LLC lifted its holdings in iShares Core S&P U.S. Growth ETF by 2,061.6% during the 4th quarter. Bleakley Financial Group LLC now owns 228,719 shares of the company’s stock valued at $38,411,000 after buying an additional 218,138 shares in the last quarter.

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

iShares Core S&P U.S. Growth ETF stock opened at $188.68 on Friday. The stock has a market cap of $31.96 billion, a price-to-earnings ratio of 32.52 and a beta of 1.17. iShares Core S&P U.S. Growth ETF has a 1 year low of $142.55 and a 1 year high of $193.85. The firm has a 50-day moving average of $182.64 and a two-hundred day moving average of $171.32.

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

The business 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. This represents a $0.94 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from iShares Core S&P U.S. Growth ETF’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, June 15th.

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.