iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) Reaches New 52-Week High – Should You Buy?

Shares of iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) hit a new 52-week high during trading on Monday . The stock traded as high as $195.72 and last traded at $195.59, with a volume of 389982 shares trading hands. The stock had previously closed at $191.08.

iShares Core S&P U.S. Growth ETF Trading Down 0.2%

The firm has a market cap of $34.14 billion, a price-to-earnings ratio of 32.52 and a beta of 1.16. The firm has a 50-day moving average of $189.26 and a two-hundred day moving average of $181.19.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were given a $0.2445 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from iShares Core S&P U.S. Growth ETF’s previous quarterly dividend of $0.24.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Parallel Advisors LLC lifted its holdings in iShares Core S&P U.S. Growth ETF by 0.7% in the first quarter. Parallel Advisors LLC now owns 9,087 shares of the company’s stock worth $1,409,000 after acquiring an additional 60 shares during the last quarter. Annex Advisory Services LLC lifted its holdings in iShares Core S&P U.S. Growth ETF by 1.5% in the second quarter. Annex Advisory Services LLC now owns 4,338 shares of the company’s stock worth $816,000 after purchasing an additional 63 shares during the period. HB Wealth Management LLC boosted its stake in iShares Core S&P U.S. Growth ETF by 0.3% during the 1st quarter. HB Wealth Management LLC now owns 24,810 shares of the company’s stock valued at $3,848,000 after purchasing an additional 66 shares in the last quarter. JFS Wealth Advisors LLC raised its position in iShares Core S&P U.S. Growth ETF by 9.6% in the second quarter. JFS Wealth Advisors LLC now owns 766 shares of the company’s stock worth $144,000 after acquiring an additional 67 shares in the last quarter. Finally, Falcon Wealth Planning raised its holdings in shares of iShares Core S&P U.S. Growth ETF by 5.4% in the 1st quarter. Falcon Wealth Planning now owns 1,517 shares of the company’s stock worth $235,000 after purchasing an additional 78 shares in the last quarter.

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.