Bank of America Corp DE Buys 9,267,343 Shares of iShares Core S&P U.S. Growth ETF $IUSG

Bank of America Corp DE lifted its position in iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) by 21.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 52,774,558 shares of the company’s stock after purchasing an additional 9,267,343 shares during the period. iShares Core S&P U.S. Growth ETF accounts for about 0.6% of Bank of America Corp DE’s investment portfolio, making the stock its 29th biggest position. Bank of America Corp DE owned approximately 31.15% of iShares Core S&P U.S. Growth ETF worth $8,185,862,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Valpey Financial Services LLC raised its position in iShares Core S&P U.S. Growth ETF by 16,640.2% during the 4th 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 in the last quarter. SHP Wealth Management bought a new position in shares of iShares Core S&P U.S. Growth ETF during the 4th quarter worth $78,328,000. Kestra Investment Management LLC increased its stake in shares of iShares Core S&P U.S. Growth ETF by 40.5% during the fourth 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 during the period. Bleakley Financial Group LLC increased its stake in shares of iShares Core S&P U.S. Growth ETF by 2,061.6% during the fourth 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 during the period. Finally, Merit Financial Group LLC raised its holdings in shares of iShares Core S&P U.S. Growth ETF by 15.2% in the fourth quarter. Merit Financial Group LLC now owns 1,626,452 shares of the company’s stock valued at $273,146,000 after acquiring an additional 214,255 shares in the last quarter.

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

NASDAQ:IUSG opened at $176.95 on Thursday. iShares Core S&P U.S. Growth ETF has a 1-year low of $148.39 and a 1-year high of $193.85. The company has a 50-day moving average of $186.26 and a 200 day moving average of $174.59. The firm has a market cap of $30.38 billion, a PE ratio of 32.52 and a beta of 1.16.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a $0.2356 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.94 annualized dividend and a dividend yield of 0.5%. This is an increase from iShares Core S&P U.S. Growth ETF’s previous quarterly dividend of $0.18.

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.