Merit Financial Group LLC Has $273.15 Million Position in iShares Core S&P U.S. Growth ETF $IUSG

Merit Financial Group LLC raised its stake in iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) by 15.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,626,452 shares of the company’s stock after purchasing an additional 214,255 shares during the quarter. iShares Core S&P U.S. Growth ETF makes up about 2.2% of Merit Financial Group LLC’s portfolio, making the stock its 3rd biggest holding. Merit Financial Group LLC owned 1.00% of iShares Core S&P U.S. Growth ETF worth $273,146,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Imprint Wealth LLC bought a new position in iShares Core S&P U.S. Growth ETF in the third quarter valued at approximately $25,000. Realta Investment Advisors grew its stake in iShares Core S&P U.S. Growth ETF by 627.3% in the fourth quarter. Realta Investment Advisors now owns 160 shares of the company’s stock valued at $27,000 after purchasing an additional 138 shares in the last quarter. Financial Life Planners bought a new position in iShares Core S&P U.S. Growth ETF in the third quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in iShares Core S&P U.S. Growth ETF in the fourth quarter valued at approximately $34,000. Finally, Evolution Wealth Management Inc. grew its stake in iShares Core S&P U.S. Growth ETF by 53.0% in the third quarter. Evolution Wealth Management Inc. now owns 228 shares of the company’s stock valued at $38,000 after purchasing an additional 79 shares in the last quarter.

iShares Core S&P U.S. Growth ETF Stock Up 0.2%

IUSG stock opened at $173.19 on Friday. The business has a 50 day moving average price of $162.40 and a two-hundred day moving average price of $165.62. The company has a market cap of $29.14 billion, a price-to-earnings ratio of 32.52 and a beta of 1.14. iShares Core S&P U.S. Growth ETF has a twelve month low of $116.51 and a twelve month high of $173.61.

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

The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were paid a $0.1752 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Tuesday, March 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.