iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) Sees Unusually-High Trading Volume – Time to Buy?

Shares of iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) saw unusually-strong trading volume on Wednesday . Approximately 5,329,246 shares changed hands during mid-day trading, an increase of 303% from the previous session’s volume of 1,323,961 shares.The stock last traded at $168.54 and had previously closed at $170.52.

iShares Core S&P U.S. Growth ETF Trading Down 1.0%

The company has a 50 day simple moving average of $167.62 and a two-hundred day simple moving average of $162.33. The firm has a market capitalization of $26.44 billion, a P/E ratio of 32.52 and a beta of 1.11.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were given a dividend of $0.2627 per share. The ex-dividend date was Tuesday, December 16th. This is a positive change 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%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of IUSG. Imprint Wealth LLC bought a new position in shares of iShares Core S&P U.S. Growth ETF in the 3rd quarter valued at about $25,000. Financial Life Planners bought a new stake in shares of iShares Core S&P U.S. Growth ETF in the 3rd quarter valued at approximately $27,000. Evolution Wealth Management Inc. lifted its stake in shares of iShares Core S&P U.S. Growth ETF by 53.0% in the 3rd quarter. Evolution Wealth Management Inc. now owns 228 shares of the company’s stock valued at $38,000 after purchasing an additional 79 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of iShares Core S&P U.S. Growth ETF in the 2nd quarter worth approximately $34,000. Finally, Global Wealth Strategies & Associates boosted its holdings in shares of iShares Core S&P U.S. Growth ETF by 54.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 231 shares of the company’s stock worth $38,000 after purchasing an additional 81 shares during the period.

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.