Independent Financial Group LLC Purchases New Stake in iShares Core S&P U.S. Growth ETF $IUSG

Independent Financial Group LLC purchased a new stake in shares of iShares Core S&P U.S. Growth ETF (NASDAQ:IUSGFree Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 23,358 shares of the company’s stock, valued at approximately $3,623,000.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of iShares Core S&P U.S. Growth ETF by 1.7% in the fourth quarter. Brighton Jones LLC now owns 12,213 shares of the company’s stock valued at $1,702,000 after purchasing an additional 199 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of iShares Core S&P U.S. Growth ETF by 35.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 110,110 shares of the company’s stock worth $13,993,000 after buying an additional 28,807 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of iShares Core S&P U.S. Growth ETF during the 2nd quarter worth about $1,994,000. NewEdge Advisors LLC boosted its holdings in shares of iShares Core S&P U.S. Growth ETF by 4.4% during the 2nd quarter. NewEdge Advisors LLC now owns 44,097 shares of the company’s stock worth $6,632,000 after buying an additional 1,842 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in shares of iShares Core S&P U.S. Growth ETF by 1.3% during the 2nd quarter. Alliancebernstein L.P. now owns 237,423 shares of the company’s stock worth $35,708,000 after buying an additional 3,047 shares during the period.

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

Shares of IUSG opened at $183.74 on Friday. The firm has a market cap of $31.45 billion, a P/E ratio of 32.52 and a beta of 1.16. iShares Core S&P U.S. Growth ETF has a 52 week low of $148.39 and a 52 week high of $193.85. The firm’s 50-day simple moving average is $186.88 and its 200 day simple moving average is $173.80.

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

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

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

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG)

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