IFS Group LLC Invests $1.96 Million in iShares Core S&P U.S. Growth ETF $IUSG

IFS Group LLC purchased a new stake in iShares Core S&P U.S. Growth ETF (NASDAQ:IUSGFree Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 12,637 shares of the company’s stock, valued at approximately $1,960,000. iShares Core S&P U.S. Growth ETF makes up approximately 1.7% of IFS Group LLC’s investment portfolio, making the stock its 16th largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC boosted its position in iShares Core S&P U.S. Growth ETF by 1.7% in the fourth quarter. Brighton Jones LLC now owns 12,213 shares of the company’s stock valued at $1,702,000 after buying an additional 199 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of iShares Core S&P U.S. Growth ETF by 35.4% during the first quarter. Goldman Sachs Group Inc. now owns 110,110 shares of the company’s stock worth $13,993,000 after buying an additional 28,807 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of iShares Core S&P U.S. Growth ETF during the second quarter worth $1,994,000. NewEdge Advisors LLC lifted its stake in shares of iShares Core S&P U.S. Growth ETF by 4.4% in the 2nd quarter. NewEdge Advisors LLC now owns 44,097 shares of the company’s stock valued at $6,632,000 after acquiring an additional 1,842 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of iShares Core S&P U.S. Growth ETF by 1.3% in the 2nd quarter. Alliancebernstein L.P. now owns 237,423 shares of the company’s stock valued at $35,708,000 after acquiring an additional 3,047 shares during the last quarter.

iShares Core S&P U.S. Growth ETF Stock Down 2.0%

NASDAQ IUSG opened at $176.95 on Thursday. The company has a market cap of $30.38 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 twelve month low of $148.39 and a twelve month high of $193.85. The business’s fifty day moving average is $186.26 and its 200 day moving average is $174.59.

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. Shareholders of record on Monday, June 15th were given a $0.2356 dividend. This is a boost from iShares Core S&P U.S. Growth ETF’s previous quarterly dividend of $0.18. This represents a $0.94 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, June 15th.

About iShares Core S&P U.S. Growth ETF

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG)

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