South Shore Capital Advisors cut its stake in shares of iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG – Free Report) by 80.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,926 shares of the company’s stock after selling 39,934 shares during the period. iShares Core S&P U.S. Growth ETF comprises approximately 1.3% of South Shore Capital Advisors’ investment portfolio, making the stock its 18th biggest position. South Shore Capital Advisors’ holdings in iShares Core S&P U.S. Growth ETF were worth $1,963,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Bank of America Corp DE grew its position in 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 acquiring an additional 9,267,343 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in iShares Core S&P U.S. Growth ETF by 10.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,166,362 shares of the company’s stock worth $595,533,000 after purchasing an additional 298,332 shares in the last quarter. Royal Bank of Canada raised its position 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 valued at $189,253,000 after purchasing an additional 145,703 shares during the last quarter. PNC Financial Services Group Inc. raised its position 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 valued at $172,831,000 after purchasing an additional 108,893 shares during the last quarter. Finally, Corient Private Wealth LP boosted its stake in shares of iShares Core S&P U.S. Growth ETF by 24.0% during the second quarter. Corient Private Wealth LP now owns 550,068 shares of the company’s stock valued at $103,462,000 after purchasing an additional 106,417 shares in the last quarter.
iShares Core S&P U.S. Growth ETF Stock Up 0.1%
Shares of IUSG stock traded up $0.19 during mid-day trading on Tuesday, reaching $191.21. 279,199 shares of the stock traded hands, compared to its average volume of 673,520. The company has a market cap of $33.65 billion, a price-to-earnings ratio of 32.52 and a beta of 1.16. The stock’s fifty day simple moving average is $192.51 and its two-hundred day simple moving average is $186.01. iShares Core S&P U.S. Growth ETF has a 1-year low of $148.39 and a 1-year high of $200.01.
iShares Core S&P U.S. Growth ETF Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were issued a $0.2445 dividend. This is a boost from iShares Core S&P U.S. Growth ETF’s previous quarterly dividend of $0.2356. The ex-dividend date was Tuesday, September 15th. This represents a $0.98 dividend on an annualized basis and a yield of 0.5%.
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.
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