iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) Reaches New 1-Year High – Should You Buy?

iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG – Get Free Report) shares hit a new 52-week high during trading on Friday. The company traded as high as $196.90 and last traded at $196.7170, with a volume of 31198 shares changing hands. The stock had previously closed at $194.19.

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

The stock has a fifty day simple moving average of $190.46 and a two-hundred day simple moving average of $182.74. The stock has a market capitalization of $34.54 billion, a price-to-earnings ratio of 32.52 and a beta of 1.16.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were issued a $0.2445 dividend. The ex-dividend date was Tuesday, September 15th. This is an increase from iShares Core S&P U.S. Growth ETF’s previous quarterly dividend of $0.2356. This represents a $0.98 dividend on an annualized basis and a yield of 0.5%.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE grew its position in shares of iShares Core S&P U.S. Growth ETF by 21.3% during the 1st quarter. Bank of America Corp DE now owns 52,774,558 shares of the company’s stock worth $8,185,862,000 after buying an additional 9,267,343 shares during the period. LPL Financial LLC boosted its stake in iShares Core S&P U.S. Growth ETF by 1.4% during the fourth quarter. LPL Financial LLC now owns 14,224,602 shares of the company’s stock worth $2,388,880,000 after acquiring an additional 191,247 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in iShares Core S&P U.S. Growth ETF by 10.4% during the second quarter. Envestnet Asset Management Inc. now owns 3,166,362 shares of the company’s stock worth $595,533,000 after acquiring an additional 298,332 shares in the last quarter. Royal Bank of Canada grew its holdings in iShares Core S&P U.S. Growth ETF by 13.6% in the first quarter. Royal Bank of Canada now owns 1,220,118 shares of the company’s stock worth $189,253,000 after purchasing an additional 145,703 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in iShares Core S&P U.S. Growth ETF by 10.8% in the first quarter. PNC Financial Services Group Inc. now owns 1,114,250 shares of the company’s stock worth $172,831,000 after purchasing an additional 108,893 shares during the period.

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

(Get 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.

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