iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) Reaches New 52-Week High – Here’s What Happened

iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $193.96 and last traded at $193.78, with a volume of 426641 shares trading hands. The stock had previously closed at $188.85.

iShares Core S&P U.S. Growth ETF Stock Up 2.3%

The stock has a 50 day moving average price of $186.18 and a 200 day moving average price of $174.91. The stock has a market capitalization of $33.47 billion, a price-to-earnings ratio of 32.52 and a beta of 1.16.

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

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

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

A number of institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its position in iShares Core S&P U.S. Growth ETF by 21.3% in the 1st quarter. Bank of America Corp DE now owns 52,774,558 shares of the company’s stock valued at $8,185,862,000 after acquiring an additional 9,267,343 shares during the period. LPL Financial LLC grew its stake in shares of iShares Core S&P U.S. Growth ETF by 1.4% in the fourth quarter. LPL Financial LLC now owns 14,224,602 shares of the company’s stock worth $2,388,880,000 after purchasing an additional 191,247 shares during the last quarter. Valpey Financial Services LLC increased its holdings in iShares Core S&P U.S. Growth ETF by 16,640.2% in the fourth quarter. Valpey Financial Services LLC now owns 3,525,312 shares of the company’s stock valued at $592,041,000 after purchasing an additional 3,504,253 shares during the period. Merit Financial Group LLC increased its holdings in iShares Core S&P U.S. Growth ETF by 15.2% in the fourth quarter. Merit Financial Group LLC now owns 1,626,452 shares of the company’s stock valued at $273,146,000 after purchasing an additional 214,255 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in iShares Core S&P U.S. Growth ETF by 0.9% in the fourth quarter. JPMorgan Chase & Co. now owns 1,621,371 shares of the company’s stock valued at $272,293,000 after purchasing an additional 14,427 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.