Foundry Financial Group Inc. Buys 5,240 Shares of iShares Core S&P U.S. Growth ETF $IUSG

Foundry Financial Group Inc. grew its stake in iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) by 8.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 68,969 shares of the company’s stock after buying an additional 5,240 shares during the period. iShares Core S&P U.S. Growth ETF makes up about 5.8% of Foundry Financial Group Inc.’s holdings, making the stock its 5th biggest holding. Foundry Financial Group Inc.’s holdings in iShares Core S&P U.S. Growth ETF were worth $11,583,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Financial Management Network Inc. raised its stake in iShares Core S&P U.S. Growth ETF by 2.7% during the 3rd quarter. Financial Management Network Inc. now owns 2,347 shares of the company’s stock worth $389,000 after buying an additional 61 shares during the period. Flagstar Advisors Inc. raised its stake in iShares Core S&P U.S. Growth ETF by 3.7% during the 4th quarter. Flagstar Advisors Inc. now owns 1,752 shares of the company’s stock worth $294,000 after buying an additional 63 shares during the period. Retirement Planning Group LLC raised its stake in iShares Core S&P U.S. Growth ETF by 4.6% during the 4th quarter. Retirement Planning Group LLC now owns 1,428 shares of the company’s stock worth $240,000 after buying an additional 63 shares during the period. Advisory Services Network LLC raised its stake in iShares Core S&P U.S. Growth ETF by 0.5% during the 3rd quarter. Advisory Services Network LLC now owns 12,185 shares of the company’s stock worth $2,005,000 after buying an additional 65 shares during the period. Finally, Visionary Horizons LLC raised its stake in iShares Core S&P U.S. Growth ETF by 5.7% during the 4th quarter. Visionary Horizons LLC now owns 1,399 shares of the company’s stock worth $235,000 after buying an additional 76 shares during the period.

iShares Core S&P U.S. Growth ETF Trading Up 1.0%

Shares of iShares Core S&P U.S. Growth ETF stock opened at $187.50 on Thursday. The company has a market capitalization of $31.76 billion, a PE ratio of 32.52 and a beta of 1.16. iShares Core S&P U.S. Growth ETF has a 12 month low of $137.88 and a 12 month high of $188.06. The stock’s fifty day simple moving average is $167.36 and its 200 day simple moving average is $167.43.

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

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

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.