Bank of America Corp DE Has $6.54 Billion Stake in iShares Core S&P U.S. Growth ETF $IUSG

Bank of America Corp DE raised its stake in shares of iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) by 0.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 43,464,067 shares of the company’s stock after purchasing an additional 348,725 shares during the quarter. iShares Core S&P U.S. Growth ETF accounts for about 0.5% of Bank of America Corp DE’s investment portfolio, making the stock its 28th biggest position. Bank of America Corp DE owned about 28.10% of iShares Core S&P U.S. Growth ETF worth $6,536,996,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in IUSG. Advisors Capital Management LLC increased its position in shares of iShares Core S&P U.S. Growth ETF by 15.4% during the second quarter. Advisors Capital Management LLC now owns 3,759 shares of the company’s stock valued at $565,000 after purchasing an additional 501 shares during the period. Flow Traders U.S. LLC boosted its stake in iShares Core S&P U.S. Growth ETF by 400.1% during the second quarter. Flow Traders U.S. LLC now owns 13,844 shares of the company’s stock worth $2,082,000 after buying an additional 11,076 shares in the last quarter. DAVENPORT & Co LLC boosted its stake in 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 worth $508,000 after buying an additional 374 shares in the last quarter. Greenleaf Trust bought a new stake in iShares Core S&P U.S. Growth ETF in the 2nd quarter valued at $244,000. Finally, Focus Partners Advisor Solutions LLC acquired a new position in shares of iShares Core S&P U.S. Growth ETF in the 2nd quarter valued at $228,000.

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

NASDAQ:IUSG opened at $166.97 on Friday. The company has a 50-day moving average of $166.65 and a 200-day moving average of $158.38. iShares Core S&P U.S. Growth ETF has a 52 week low of $108.91 and a 52 week high of $172.33. The company has a market capitalization of $25.74 billion, a price-to-earnings ratio of 32.52 and a beta of 1.11.

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

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

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.