Beam Wealth Advisors Inc. Trims Stock Position in iShares Core S&P U.S. Growth ETF $IUSG

Beam Wealth Advisors Inc. cut its stake in iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) by 33.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,228 shares of the company’s stock after selling 6,588 shares during the quarter. Beam Wealth Advisors Inc.’s holdings in iShares Core S&P U.S. Growth ETF were worth $2,052,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Imprint Wealth LLC bought a new stake in shares of iShares Core S&P U.S. Growth ETF during the 3rd quarter valued at about $25,000. Realta Investment Advisors raised 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 worth $27,000 after buying 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 worth about $27,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in iShares Core S&P U.S. Growth ETF in the fourth quarter worth about $34,000. Finally, Strive Financial Group LLC purchased a new stake in iShares Core S&P U.S. Growth ETF in the fourth quarter worth about $40,000.

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

iShares Core S&P U.S. Growth ETF stock opened at $186.20 on Thursday. The stock’s 50 day simple moving average is $185.90 and its two-hundred day simple moving average is $172.94. The stock has a market cap of $31.90 billion, a price-to-earnings ratio of 32.52 and a beta of 1.16. iShares Core S&P U.S. Growth ETF has a fifty-two week low of $148.39 and a fifty-two week high of $193.85.

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

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

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.