Founders Financial Securities LLC Raises Stake in iShares Core S&P U.S. Growth ETF $IUSG

Founders Financial Securities LLC boosted its holdings in iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) by 11.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 108,508 shares of the company’s stock after purchasing an additional 11,053 shares during the quarter. iShares Core S&P U.S. Growth ETF comprises 1.2% of Founders Financial Securities LLC’s portfolio, making the stock its 18th largest position. Founders Financial Securities LLC owned approximately 0.07% of iShares Core S&P U.S. Growth ETF worth $17,854,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Bank of America Corp DE lifted its holdings in shares of iShares Core S&P U.S. Growth ETF by 0.8% during the second quarter. Bank of America Corp DE now owns 43,464,067 shares of the company’s stock valued at $6,536,996,000 after purchasing an additional 348,725 shares during the last quarter. Envestnet Asset Management Inc. increased its position in iShares Core S&P U.S. Growth ETF by 1.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,049,968 shares of the company’s stock valued at $308,315,000 after buying an additional 32,376 shares in the last quarter. Blue Trust Inc. raised its stake in iShares Core S&P U.S. Growth ETF by 4.8% during the second quarter. Blue Trust Inc. now owns 1,975,369 shares of the company’s stock valued at $297,095,000 after buying an additional 90,129 shares during the last quarter. Merit Financial Group LLC boosted its holdings in iShares Core S&P U.S. Growth ETF by 37.3% in the second quarter. Merit Financial Group LLC now owns 1,539,575 shares of the company’s stock worth $231,552,000 after acquiring an additional 418,656 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in iShares Core S&P U.S. Growth ETF by 5.9% in the second quarter. Raymond James Financial Inc. now owns 1,315,986 shares of the company’s stock worth $197,924,000 after acquiring an additional 73,036 shares in the last quarter.

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

Shares of NASDAQ:IUSG opened at $170.00 on Wednesday. iShares Core S&P U.S. Growth ETF has a 1-year low of $108.91 and a 1-year high of $172.33. The business has a fifty day moving average price of $166.95 and a 200-day moving average price of $159.78. The company has a market capitalization of $26.21 billion, a PE ratio of 32.52 and a beta of 1.11.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were paid a dividend of $0.2627 per share. The ex-dividend date was Tuesday, December 16th. This represents a $1.05 dividend on an annualized basis and a yield of 0.6%. This is an increase from iShares Core S&P U.S. Growth ETF’s previous quarterly dividend of $0.25.

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