Valmark Advisers Inc. Decreases Position in iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG)

Valmark Advisers Inc. decreased its holdings in shares of iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) by 3.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 42,438 shares of the company’s stock after selling 1,585 shares during the quarter. Valmark Advisers Inc.’s holdings in iShares Core S&P U.S. Growth ETF were worth $4,418,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in IUSG. IFP Advisors Inc lifted its stake in iShares Core S&P U.S. Growth ETF by 214.0% in the third quarter. IFP Advisors Inc now owns 1,124 shares of the company’s stock valued at $107,000 after buying an additional 766 shares during the last quarter. DAVENPORT & Co LLC lifted its stake in iShares Core S&P U.S. Growth ETF by 25.0% in the third quarter. DAVENPORT & Co LLC now owns 2,666 shares of the company’s stock valued at $253,000 after buying an additional 534 shares during the last quarter. GHP Investment Advisors Inc. purchased a new stake in iShares Core S&P U.S. Growth ETF in the third quarter valued at approximately $57,000. GDS Wealth Management lifted its stake in iShares Core S&P U.S. Growth ETF by 148.4% in the third quarter. GDS Wealth Management now owns 36,920 shares of the company’s stock valued at $3,501,000 after buying an additional 22,056 shares during the last quarter. Finally, Investment Advisory Services Inc. TX ADV lifted its stake in iShares Core S&P U.S. Growth ETF by 7.7% in the third quarter. Investment Advisory Services Inc. TX ADV now owns 32,043 shares of the company’s stock valued at $3,039,000 after buying an additional 2,302 shares during the last quarter.

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

NASDAQ IUSG traded up $2.06 on Friday, reaching $114.38. The stock had a trading volume of 327,530 shares, compared to its average volume of 523,135. iShares Core S&P U.S. Growth ETF has a 12-month low of $87.70 and a 12-month high of $118.45. The business’s 50-day moving average price is $115.07 and its 200 day moving average price is $106.65. The stock has a market cap of $16.66 billion, a P/E ratio of 26.66 and a beta of 1.06.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 22nd were paid a $0.1667 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Thursday, March 21st.

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

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.