Charles Schwab Trust Co Decreases Position in iShares Core S&P U.S. Growth ETF $IUSG

Charles Schwab Trust Co trimmed its holdings in iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) by 9.8% during the second quarter, Holdings Channel.com reports. The fund owned 254,306 shares of the company’s stock after selling 27,639 shares during the period. iShares Core S&P U.S. Growth ETF accounts for 2.7% of Charles Schwab Trust Co’s investment portfolio, making the stock its 12th largest holding. Charles Schwab Trust Co’s holdings in iShares Core S&P U.S. Growth ETF were worth $47,832,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in IUSG. Imprint Wealth LLC purchased a new stake in iShares Core S&P U.S. Growth ETF in the 3rd quarter valued at approximately $25,000. Financial Life Planners purchased a new stake in iShares Core S&P U.S. Growth ETF during the first quarter valued at about $26,000. Darwin Wealth Management LLC acquired a new stake in iShares Core S&P U.S. Growth ETF during the 1st quarter worth approximately $34,000. Strive Financial Group LLC acquired a new stake in shares of iShares Core S&P U.S. Growth ETF in the fourth quarter worth $40,000. Finally, Physician Wealth Advisors Inc. purchased a new position in shares of iShares Core S&P U.S. Growth ETF in the 1st quarter valued at $49,000.

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

Shares of IUSG opened at $193.74 on Tuesday. The stock’s 50-day moving average is $186.45 and its two-hundred day moving average is $175.79. The stock has a market cap of $33.59 billion, a PE ratio of 32.52 and a beta of 1.17. iShares Core S&P U.S. Growth ETF has a 12 month low of $148.39 and a 12 month high of $195.64.

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

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a dividend of $0.2356 per share. This is a boost from iShares Core S&P U.S. Growth ETF’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, June 15th. This represents a $0.94 dividend on an annualized basis and a yield of 0.5%.

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