iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) Sets New 12-Month High – Here’s What Happened

Shares of iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) reached a new 52-week high during trading on Wednesday . The company traded as high as $172.69 and last traded at $172.65, with a volume of 601712 shares trading hands. The stock had previously closed at $170.80.

iShares Core S&P U.S. Growth ETF Stock Up 1.4%

The business’s 50-day moving average price is $162.40 and its 200 day moving average price is $165.62. The company has a market capitalization of $29.56 billion, a P/E ratio of 32.52 and a beta of 1.14.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were given a $0.1752 dividend. 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.

Hedge Funds Weigh In On iShares Core S&P U.S. Growth ETF

A number of large investors have recently modified their holdings of IUSG. AdvisorNet Financial Inc raised its stake in iShares Core S&P U.S. Growth ETF by 95.0% in the first quarter. AdvisorNet Financial Inc now owns 390 shares of the company’s stock valued at $61,000 after purchasing an additional 190 shares in the last quarter. Cornell Pochily Investment Advisors Inc. raised its stake in iShares Core S&P U.S. Growth ETF by 4.2% in the first quarter. Cornell Pochily Investment Advisors Inc. now owns 30,090 shares of the company’s stock valued at $4,667,000 after purchasing an additional 1,213 shares in the last quarter. Everstar Asset Management LLC purchased a new stake in iShares Core S&P U.S. Growth ETF in the first quarter valued at approximately $201,000. Evolve Private Wealth LLC purchased a new stake in iShares Core S&P U.S. Growth ETF in the first quarter valued at approximately $1,956,000. Finally, Founders Financial Securities LLC raised its stake in iShares Core S&P U.S. Growth ETF by 8.3% in the first quarter. Founders Financial Securities LLC now owns 119,557 shares of the company’s stock valued at $19,686,000 after purchasing an additional 9,136 shares in the last quarter.

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.