PCA Investment Advisory Services Inc. Reduces Holdings in iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG)

PCA Investment Advisory Services Inc. lowered its stake in shares of iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) by 5.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 91,479 shares of the company’s stock after selling 4,876 shares during the period. iShares Core S&P U.S. Growth ETF accounts for approximately 5.9% of PCA Investment Advisory Services Inc.’s holdings, making the stock its 3rd biggest position. PCA Investment Advisory Services Inc.’s holdings in iShares Core S&P U.S. Growth ETF were worth $12,748,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in IUSG. Cerity Partners LLC raised its holdings in iShares Core S&P U.S. Growth ETF by 124.9% in the 3rd quarter. Cerity Partners LLC now owns 9,014 shares of the company’s stock valued at $1,189,000 after acquiring an additional 5,006 shares in the last quarter. Foundations Investment Advisors LLC acquired a new position in shares of iShares Core S&P U.S. Growth ETF in the third quarter valued at $278,000. JPMorgan Chase & Co. lifted its position in iShares Core S&P U.S. Growth ETF by 6.1% in the third quarter. JPMorgan Chase & Co. now owns 1,339,301 shares of the company’s stock worth $176,667,000 after purchasing an additional 76,917 shares during the period. Orion Portfolio Solutions LLC boosted its stake in iShares Core S&P U.S. Growth ETF by 5.0% during the third quarter. Orion Portfolio Solutions LLC now owns 10,711 shares of the company’s stock worth $1,413,000 after buying an additional 513 shares in the last quarter. Finally, Wealthspire Advisors LLC increased its holdings in iShares Core S&P U.S. Growth ETF by 4.7% in the 2nd quarter. Wealthspire Advisors LLC now owns 6,467 shares of the company’s stock valued at $824,000 after buying an additional 288 shares during the period.

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

Shares of IUSG stock opened at $138.24 on Tuesday. The firm has a fifty day moving average of $139.98 and a 200-day moving average of $132.70. iShares Core S&P U.S. Growth ETF has a 52-week low of $103.25 and a 52-week high of $145.11. The stock has a market cap of $21.01 billion, a price-to-earnings ratio of 27.75 and a beta of 1.06.

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

The firm also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.254 per share. This is a boost from iShares Core S&P U.S. Growth ETF’s previous dividend of $0.25. The ex-dividend date of this dividend was Tuesday, December 17th.

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.