Merit Financial Group LLC Trims Stake in iShares Core S&P U.S. Growth ETF $IUSG

Merit Financial Group LLC lowered its holdings in shares of iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) by 8.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,412,238 shares of the company’s stock after selling 127,337 shares during the quarter. iShares Core S&P U.S. Growth ETF accounts for about 2.1% of Merit Financial Group LLC’s portfolio, making the stock its 4th largest position. Merit Financial Group LLC owned about 0.92% of iShares Core S&P U.S. Growth ETF worth $232,370,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in IUSG. Advisors Capital Management LLC increased its position in iShares Core S&P U.S. Growth ETF by 15.4% during the second quarter. Advisors Capital Management LLC now owns 3,759 shares of the company’s stock valued at $565,000 after acquiring an additional 501 shares during the last quarter. Flow Traders U.S. LLC boosted its stake in shares of iShares Core S&P U.S. Growth ETF by 400.1% during the 2nd quarter. Flow Traders U.S. LLC now owns 13,844 shares of the company’s stock worth $2,082,000 after purchasing an additional 11,076 shares during the period. Hershey Financial Advisers LLC bought a new position in iShares Core S&P U.S. Growth ETF during the 2nd quarter valued at about $561,000. DAVENPORT & Co LLC raised its position in iShares Core S&P U.S. Growth ETF by 12.5% in the 2nd quarter. DAVENPORT & Co LLC now owns 3,375 shares of the company’s stock worth $508,000 after purchasing an additional 374 shares during the period. Finally, Greenleaf Trust bought a new stake in iShares Core S&P U.S. Growth ETF in the second quarter worth about $244,000.

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

Shares of NASDAQ:IUSG opened at $169.21 on Wednesday. The business has a 50 day simple moving average of $167.50 and a two-hundred day simple moving average of $160.67. iShares Core S&P U.S. Growth ETF has a 1 year low of $108.91 and a 1 year high of $172.33. The firm has a market capitalization of $26.08 billion, a PE ratio of 32.52 and a beta of 1.11.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were given a $0.2627 dividend. This is a boost from iShares Core S&P U.S. Growth ETF’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $1.05 annualized dividend and a yield of 0.6%.

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