iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) Sees Large Volume Increase – Here’s Why

iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) shares saw unusually-strong trading volume on Friday . 784,841 shares changed hands during trading, an increase of 2% from the previous session’s volume of 768,244 shares.The stock last traded at $182.46 and had previously closed at $182.80.

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

The company has a market capitalization of $31.19 billion, a PE ratio of 32.52 and a beta of 1.16. The firm’s fifty day simple moving average is $186.59 and its 200 day simple moving average is $174.34.

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

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a dividend of $0.2356 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, June 15th. This is an increase from iShares Core S&P U.S. Growth ETF’s previous quarterly dividend of $0.18.

Institutional Trading of iShares Core S&P U.S. Growth ETF

A number of hedge funds have recently modified their holdings of IUSG. Brighton Jones LLC raised its position in iShares Core S&P U.S. Growth ETF by 1.7% during the fourth quarter. Brighton Jones LLC now owns 12,213 shares of the company’s stock valued at $1,702,000 after acquiring an additional 199 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in iShares Core S&P U.S. Growth ETF by 35.4% in the 1st 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 in the last quarter. Marshall Wace LLP purchased a new stake in iShares Core S&P U.S. Growth ETF in the 2nd quarter worth approximately $1,994,000. NewEdge Advisors LLC grew its stake in shares of iShares Core S&P U.S. Growth ETF by 4.4% during the 2nd 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. grew its stake in shares of iShares Core S&P U.S. Growth ETF by 1.3% during the 2nd 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.

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.