iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) Sees Strong Trading Volume – Should You Buy?

iShares Core S&P U.S. Growth ETF (NASDAQ:IUSGGet Free Report) shares saw unusually-strong trading volume on Friday . 784,841 shares were traded during mid-day trading, an increase of 2% from the previous session’s volume of 768,244 shares.The stock last traded at $182.46 and had previously closed at $182.80.

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

The stock has a market capitalization of $31.41 billion, a P/E ratio of 32.52 and a beta of 1.16. The company has a fifty day moving average of $186.68 and a two-hundred day moving average of $174.29.

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

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a $0.2356 dividend. This represents a $0.94 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, June 15th. This is a positive change from iShares Core S&P U.S. Growth ETF’s previous quarterly dividend of $0.18.

Institutional Investors Weigh In On iShares Core S&P U.S. Growth ETF

Institutional investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its position in shares of iShares Core S&P U.S. Growth ETF by 21.3% in 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 buying an additional 9,267,343 shares during the last quarter. Valpey Financial Services LLC grew its position in shares of iShares Core S&P U.S. Growth ETF by 16,640.2% during the 4th quarter. Valpey Financial Services LLC now owns 3,525,312 shares of the company’s stock valued at $592,041,000 after buying an additional 3,504,253 shares during the last quarter. SHP Wealth Management bought a new stake in shares of iShares Core S&P U.S. Growth ETF during the 4th quarter valued at about $78,328,000. Kestra Investment Management LLC raised its stake in iShares Core S&P U.S. Growth ETF by 40.5% during the fourth quarter. Kestra Investment Management LLC now owns 1,131,808 shares of the company’s stock worth $190,076,000 after acquiring an additional 326,483 shares during the period. Finally, Bleakley Financial Group LLC raised its stake in iShares Core S&P U.S. Growth ETF by 2,061.6% during the fourth quarter. Bleakley Financial Group LLC now owns 228,719 shares of the company’s stock worth $38,411,000 after acquiring an additional 218,138 shares during the period.

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

(Get Free Report)

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.

Further Reading

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