Baird Financial Group Inc. Sells 16,529 Shares of iShares Core S&P U.S. Growth ETF $IUSG

Baird Financial Group Inc. reduced its holdings in shares of iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) by 16.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 85,913 shares of the company’s stock after selling 16,529 shares during the period. Baird Financial Group Inc. owned about 0.06% of iShares Core S&P U.S. Growth ETF worth $12,921,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Advisors Capital Management LLC lifted its stake in iShares Core S&P U.S. Growth ETF by 15.4% in the 2nd quarter. Advisors Capital Management LLC now owns 3,759 shares of the company’s stock worth $565,000 after purchasing an additional 501 shares in the last quarter. DAVENPORT & Co LLC grew its position in shares of iShares Core S&P U.S. Growth ETF by 12.5% during the second quarter. DAVENPORT & Co LLC now owns 3,375 shares of the company’s stock valued at $508,000 after purchasing an additional 374 shares in the last quarter. Greenleaf Trust bought a new stake in shares of iShares Core S&P U.S. Growth ETF in the second quarter worth about $244,000. Focus Partners Advisor Solutions LLC bought a new stake in shares of iShares Core S&P U.S. Growth ETF in the second quarter worth about $228,000. Finally, Fifth Third Bancorp lifted its position in shares of iShares Core S&P U.S. Growth ETF by 9.6% in the second quarter. Fifth Third Bancorp now owns 3,618 shares of the company’s stock worth $544,000 after buying an additional 318 shares in the last quarter.

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

NASDAQ IUSG opened at $169.65 on Monday. The stock has a market capitalization of $26.15 billion, a PE ratio of 32.52 and a beta of 1.11. The business has a 50 day simple moving average of $166.24 and a two-hundred day simple moving average of $157.61. iShares Core S&P U.S. Growth ETF has a 1-year low of $108.91 and a 1-year high of $172.33.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Tuesday, September 16th were issued a $0.2487 dividend. This represents a $0.99 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from iShares Core S&P U.S. Growth ETF’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Tuesday, September 16th.

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.