iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) Sets New 12-Month High – Here’s Why

Shares of iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) hit a new 52-week high during trading on Monday . The company traded as high as $186.16 and last traded at $185.96, with a volume of 86590 shares traded. The stock had previously closed at $185.69.

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

The stock has a 50-day moving average of $165.69 and a 200 day moving average of $166.83. The stock has a market capitalization of $31.54 billion, a price-to-earnings ratio of 32.52 and a beta of 1.16.

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

The business also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were given a dividend of $0.1752 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Tuesday, March 17th.

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

Several institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its position in shares of iShares Core S&P U.S. Growth ETF by 10.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,114,250 shares of the company’s stock worth $172,831,000 after buying an additional 108,893 shares during the period. Madison Asset Management LLC grew its position in shares of iShares Core S&P U.S. Growth ETF by 3,987.6% during the 1st quarter. Madison Asset Management LLC now owns 121,279 shares of the company’s stock worth $18,812,000 after buying an additional 118,312 shares during the period. Summit Global Investments grew its position in shares of iShares Core S&P U.S. Growth ETF by 5.9% during the 1st quarter. Summit Global Investments now owns 2,135 shares of the company’s stock worth $331,000 after buying an additional 118 shares during the period. Cassaday & Co Wealth Management LLC acquired a new position in shares of iShares Core S&P U.S. Growth ETF during the 1st quarter worth about $160,000. Finally, Parallel Advisors LLC grew its position in shares of iShares Core S&P U.S. Growth ETF by 0.7% during the 1st quarter. Parallel Advisors LLC now owns 9,087 shares of the company’s stock worth $1,409,000 after buying an additional 60 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.