Beam Wealth Advisors Inc. Reduces Position in iShares Core S&P U.S. Growth ETF $IUSG

Beam Wealth Advisors Inc. trimmed its holdings in iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) by 18.1% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 20,068 shares of the company’s stock after selling 4,441 shares during the quarter. iShares Core S&P U.S. Growth ETF comprises approximately 0.9% of Beam Wealth Advisors Inc.’s portfolio, making the stock its 29th biggest position. Beam Wealth Advisors Inc.’s holdings in iShares Core S&P U.S. Growth ETF were worth $3,302,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Elevation Point Wealth Partners LLC bought a new stake in shares of iShares Core S&P U.S. Growth ETF in the second quarter worth approximately $34,000. Global Wealth Strategies & Associates increased its position in shares of iShares Core S&P U.S. Growth ETF by 54.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 231 shares of the company’s stock valued at $38,000 after purchasing an additional 81 shares during the last quarter. 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 worth $38,000 after purchasing an additional 79 shares during the period. Bogart Wealth LLC lifted its stake in shares of iShares Core S&P U.S. Growth ETF by 56.2% in the 2nd quarter. Bogart Wealth LLC now owns 278 shares of the company’s stock worth $42,000 after purchasing an additional 100 shares during the period. Finally, Mather Group LLC. purchased a new position in shares of iShares Core S&P U.S. Growth ETF in the third quarter worth approximately $53,000.

iShares Core S&P U.S. Growth ETF Trading Down 1.5%

Shares of IUSG stock opened at $167.15 on Wednesday. iShares Core S&P U.S. Growth ETF has a 12 month low of $108.91 and a 12 month high of $172.33. The stock has a market cap of $27.22 billion, a P/E ratio of 32.52 and a beta of 1.11. The company has a 50 day simple moving average of $168.77 and a two-hundred day simple moving average of $164.19.

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

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

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