iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) Sees Unusually-High Trading Volume – Here’s Why

Shares of iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) saw an uptick in trading volume on Friday . 903,034 shares changed hands during trading, an increase of 46% from the previous session’s volume of 618,542 shares.The stock last traded at $127.80 and had previously closed at $130.08.

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

The company has a market cap of $19.15 billion, a price-to-earnings ratio of 29.58 and a beta of 1.06. The business’s fifty day moving average price is $138.27 and its 200 day moving average price is $137.22.

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

The business also recently announced a dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.1767 per share. The ex-dividend date of this dividend was Tuesday, March 18th.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new stake in iShares Core S&P U.S. Growth ETF in the fourth quarter valued at approximately $177,085,000. Benjamin Edwards Inc. boosted its stake in shares of iShares Core S&P U.S. Growth ETF by 10,090.9% in the 3rd quarter. Benjamin Edwards Inc. now owns 599,022 shares of the company’s stock valued at $79,018,000 after purchasing an additional 593,144 shares during the last quarter. Blue Trust Inc. increased its position in shares of iShares Core S&P U.S. Growth ETF by 32.6% during the fourth quarter. Blue Trust Inc. now owns 1,933,528 shares of the company’s stock worth $269,437,000 after buying an additional 474,923 shares during the period. LPL Financial LLC raised its stake in iShares Core S&P U.S. Growth ETF by 2.9% during the fourth quarter. LPL Financial LLC now owns 15,302,362 shares of the company’s stock worth $2,132,384,000 after buying an additional 425,195 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in iShares Core S&P U.S. Growth ETF by 0.7% in the fourth quarter. Bank of America Corp DE now owns 39,498,165 shares of the company’s stock valued at $5,504,069,000 after buying an additional 287,793 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.