Magnolia Capital Advisors LLC Makes New $3.95 Million Investment in iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG)

Magnolia Capital Advisors LLC purchased a new stake in shares of iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 31,014 shares of the company’s stock, valued at approximately $3,954,000.

Several other hedge funds also recently modified their holdings of the company. LPL Financial LLC lifted its holdings in iShares Core S&P U.S. Growth ETF by 5.1% in the 2nd quarter. LPL Financial LLC now owns 14,785,442 shares of the company’s stock valued at $1,884,848,000 after acquiring an additional 720,444 shares during the last quarter. Citizens Financial Group Inc. RI lifted its stake in iShares Core S&P U.S. Growth ETF by 25,330.2% during the second quarter. Citizens Financial Group Inc. RI now owns 645,165 shares of the company’s stock valued at $82,246,000 after purchasing an additional 642,628 shares during the last quarter. Legacy Financial Group LLC boosted its holdings in iShares Core S&P U.S. Growth ETF by 1,539.2% during the first quarter. Legacy Financial Group LLC now owns 455,135 shares of the company’s stock worth $53,346,000 after buying an additional 427,369 shares in the last quarter. Cetera Investment Advisers grew its position in iShares Core S&P U.S. Growth ETF by 564.8% in the first quarter. Cetera Investment Advisers now owns 365,085 shares of the company’s stock worth $42,792,000 after buying an additional 310,166 shares during the last quarter. Finally, Strategic Financial Concepts LLC grew its position in iShares Core S&P U.S. Growth ETF by 7,764.9% in the second quarter. Strategic Financial Concepts LLC now owns 169,409 shares of the company’s stock worth $216,000 after buying an additional 167,255 shares during the last quarter.

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

Shares of NASDAQ:IUSG opened at $131.12 on Friday. The company has a market capitalization of $19.50 billion, a PE ratio of 27.75 and a beta of 1.06. The stock has a fifty day moving average of $126.13 and a 200-day moving average of $122.72. iShares Core S&P U.S. Growth ETF has a one year low of $90.71 and a one year high of $133.65.

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

The business also recently announced a dividend, which will be paid on Monday, September 30th. Stockholders of record on Wednesday, September 25th will be issued a dividend of $0.2513 per share. The ex-dividend date is Wednesday, September 25th.

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.