iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) Sets New 1-Year High – Here’s Why

iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $178.49 and last traded at $178.45, with a volume of 740274 shares. The stock had previously closed at $177.54.

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

The business has a 50 day moving average price of $163.90 and a 200 day moving average price of $166.15. The firm has a market capitalization of $30.19 billion, a P/E ratio of 32.52 and a beta of 1.14.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were paid a $0.1752 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.4%.

Hedge Funds Weigh In On iShares Core S&P U.S. Growth ETF

A number of institutional investors have recently made changes to their positions in IUSG. Brighton Jones LLC increased its stake in shares of iShares Core S&P U.S. Growth ETF by 1.7% in the fourth quarter. Brighton Jones LLC now owns 12,213 shares of the company’s stock worth $1,702,000 after purchasing an additional 199 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of iShares Core S&P U.S. Growth ETF by 35.4% in the first quarter. Goldman Sachs Group Inc. now owns 110,110 shares of the company’s stock worth $13,993,000 after purchasing an additional 28,807 shares during the period. Marshall Wace LLP bought a new position in shares of iShares Core S&P U.S. Growth ETF in the second quarter worth about $1,994,000. NewEdge Advisors LLC increased its stake in shares of iShares Core S&P U.S. Growth ETF by 4.4% in the second quarter. NewEdge Advisors LLC now owns 44,097 shares of the company’s stock worth $6,632,000 after purchasing an additional 1,842 shares during the period. Finally, Alliancebernstein L.P. increased its stake in shares of iShares Core S&P U.S. Growth ETF by 1.3% in the second quarter. Alliancebernstein L.P. now owns 237,423 shares of the company’s stock worth $35,708,000 after purchasing an additional 3,047 shares during the period.

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.