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) reached a new 52-week high during trading on Wednesday . The stock traded as high as $145.81 and last traded at $145.75, with a volume of 41965 shares trading hands. The stock had previously closed at $144.07.

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

The stock has a market cap of $22.11 billion, a price-to-earnings ratio of 27.75 and a beta of 1.06. The business has a 50-day simple moving average of $140.88 and a two-hundred day simple moving average of $133.45.

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

The firm also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were issued 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.

Institutional Investors Weigh In On iShares Core S&P U.S. Growth ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC grew its holdings in shares of iShares Core S&P U.S. Growth ETF by 0.6% in the 3rd quarter. LPL Financial LLC now owns 14,877,167 shares of the company’s stock valued at $1,962,447,000 after acquiring an additional 91,725 shares in the last quarter. Blue Trust Inc. boosted its position in iShares Core S&P U.S. Growth ETF by 29.2% during the fourth quarter. Blue Trust Inc. now owns 1,884,644 shares of the company’s stock valued at $248,603,000 after purchasing an additional 426,039 shares during the last quarter. JPMorgan Chase & Co. grew its stake 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 valued at $176,667,000 after purchasing an additional 76,917 shares in the last quarter. Kestra Investment Management LLC increased its position in shares of iShares Core S&P U.S. Growth ETF by 11.1% during the 3rd quarter. Kestra Investment Management LLC now owns 840,995 shares of the company’s stock worth $110,936,000 after purchasing an additional 84,236 shares during the last quarter. Finally, Citizens Financial Group Inc. RI raised its stake in shares of iShares Core S&P U.S. Growth ETF by 5.2% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 678,511 shares of the company’s stock worth $89,502,000 after purchasing an additional 33,346 shares in the last quarter.

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.