PCA Investment Advisory Services Inc. Reduces Holdings in iShares Core S&P U.S. Growth ETF $IUSG

PCA Investment Advisory Services Inc. trimmed its stake in shares of iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) by 5.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 95,636 shares of the company’s stock after selling 5,093 shares during the period. iShares Core S&P U.S. Growth ETF makes up about 5.6% of PCA Investment Advisory Services Inc.’s holdings, making the stock its 7th largest position. PCA Investment Advisory Services Inc.’s holdings in iShares Core S&P U.S. Growth ETF were worth $16,061,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Valpey Financial Services LLC raised its position in shares of 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 worth $592,041,000 after buying an additional 3,504,253 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of iShares Core S&P U.S. Growth ETF by 9.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,250,952 shares of the company’s stock worth $370,372,000 after buying an additional 200,984 shares in the last quarter. Merit Financial Group LLC raised its position in shares of iShares Core S&P U.S. Growth ETF by 15.2% during the 4th quarter. Merit Financial Group LLC now owns 1,626,452 shares of the company’s stock worth $273,146,000 after buying an additional 214,255 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of iShares Core S&P U.S. Growth ETF by 6.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,606,944 shares of the company’s stock worth $264,407,000 after buying an additional 97,183 shares in the last quarter. Finally, Raymond James Financial Inc. raised its position in shares of iShares Core S&P U.S. Growth ETF by 5.9% during the 2nd quarter. Raymond James Financial Inc. now owns 1,315,986 shares of the company’s stock worth $197,924,000 after buying an additional 73,036 shares in the last quarter.

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

IUSG stock opened at $193.28 on Wednesday. iShares Core S&P U.S. Growth ETF has a 52 week low of $142.42 and a 52 week high of $193.85. The company has a market capitalization of $32.74 billion, a price-to-earnings ratio of 32.52 and a beta of 1.16. The firm’s 50-day moving average is $174.06 and its two-hundred day moving average is $169.18.

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

The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were given a dividend of $0.1752 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Tuesday, March 17th.

About iShares Core S&P U.S. Growth ETF

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.