Independence Financial Advisors LLC Cuts Stake in iShares Core S&P U.S. Growth ETF $IUSG

Independence Financial Advisors LLC cut its holdings in shares of iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) by 12.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,217 shares of the company’s stock after selling 8,943 shares during the period. iShares Core S&P U.S. Growth ETF accounts for approximately 3.3% of Independence Financial Advisors LLC’s investment portfolio, making the stock its 16th biggest holding. Independence Financial Advisors LLC’s holdings in iShares Core S&P U.S. Growth ETF were worth $10,731,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Merit Financial Group LLC grew its stake in iShares Core S&P U.S. Growth ETF by 37.3% during the 2nd quarter. Merit Financial Group LLC now owns 1,539,575 shares of the company’s stock worth $231,552,000 after buying an additional 418,656 shares during the last quarter. Bank of America Corp DE boosted its holdings in iShares Core S&P U.S. Growth ETF by 0.8% in the second quarter. Bank of America Corp DE now owns 43,464,067 shares of the company’s stock worth $6,536,996,000 after acquiring an additional 348,725 shares in the last quarter. Atlantic Union Bankshares Corp grew its stake in shares of iShares Core S&P U.S. Growth ETF by 9,508.6% during the second quarter. Atlantic Union Bankshares Corp now owns 223,016 shares of the company’s stock worth $33,542,000 after acquiring an additional 220,695 shares during the last quarter. Waldron Private Wealth LLC acquired a new position in shares of iShares Core S&P U.S. Growth ETF during the second quarter valued at about $27,300,000. Finally, Modera Wealth Management LLC increased its holdings in shares of iShares Core S&P U.S. Growth ETF by 60.8% during the second quarter. Modera Wealth Management LLC now owns 379,455 shares of the company’s stock valued at $57,070,000 after acquiring an additional 143,536 shares in the last quarter.

iShares Core S&P U.S. Growth ETF Stock Up 0.7%

Shares of iShares Core S&P U.S. Growth ETF stock opened at $170.12 on Friday. The company has a 50 day moving average price of $167.56 and a 200 day moving average price of $161.92. The firm has a market capitalization of $26.63 billion, a P/E ratio of 32.52 and a beta of 1.11. iShares Core S&P U.S. Growth ETF has a 52 week low of $108.91 and a 52 week high of $172.33.

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

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were issued a $0.2627 dividend. This is an increase from iShares Core S&P U.S. Growth ETF’s previous quarterly dividend of $0.25. This represents a $1.05 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, December 16th.

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.