iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) Sets New 12-Month High – Here’s Why

iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $186.16 and last traded at $185.96, with a volume of 86590 shares traded. The stock had previously closed at $185.69.

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

The company has a market capitalization of $31.54 billion, a price-to-earnings ratio of 32.52 and a beta of 1.16. The company has a 50-day moving average price of $165.69 and a 200-day moving average price of $166.83.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were given a $0.1752 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $0.70 annualized dividend and a dividend yield of 0.4%.

Hedge Funds Weigh In On iShares Core S&P U.S. Growth ETF

Several institutional investors and hedge funds have recently modified their holdings of IUSG. Valpey Financial Services LLC grew its position in shares of iShares Core S&P U.S. Growth ETF by 16,640.2% in the 4th quarter. Valpey Financial Services LLC now owns 3,525,312 shares of the company’s stock valued at $592,041,000 after purchasing an additional 3,504,253 shares during the period. Bank of America Corp DE grew its position in shares of iShares Core S&P U.S. Growth ETF by 4.4% in the 4th quarter. Bank of America Corp DE now owns 43,507,215 shares of the company’s stock valued at $7,306,602,000 after purchasing an additional 1,853,499 shares during the period. SHP Wealth Management acquired a new position in shares of iShares Core S&P U.S. Growth ETF in the 4th quarter valued at approximately $78,328,000. Tennessee Valley Asset Management Partners acquired a new position in shares of iShares Core S&P U.S. Growth ETF in the 3rd quarter valued at approximately $56,521,000. Finally, Kestra Investment Management LLC grew its position in shares of iShares Core S&P U.S. Growth ETF by 40.5% in the 4th quarter. Kestra Investment Management LLC now owns 1,131,808 shares of the company’s stock valued at $190,076,000 after purchasing an additional 326,483 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.