iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) Reaches New 52-Week High – Here’s What Happened

iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $176.24 and last traded at $176.24, with a volume of 256358 shares trading hands. The stock had previously closed at $173.71.

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

The company has a 50 day moving average price of $162.87 and a 200 day moving average price of $165.84. The firm has a market cap of $29.68 billion, a price-to-earnings ratio of 32.52 and a beta of 1.14.

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

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

Hedge Funds Weigh In On iShares Core S&P U.S. Growth ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Imprint Wealth LLC purchased a new position in shares of iShares Core S&P U.S. Growth ETF in the 3rd quarter valued at about $25,000. Financial Life Planners purchased a new position in iShares Core S&P U.S. Growth ETF during the 3rd quarter worth approximately $27,000. Realta Investment Advisors grew its stake in iShares Core S&P U.S. Growth ETF by 627.3% during the 4th quarter. Realta Investment Advisors now owns 160 shares of the company’s stock worth $27,000 after buying an additional 138 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in iShares Core S&P U.S. Growth ETF during the 4th quarter worth approximately $34,000. Finally, Evolution Wealth Management Inc. grew its stake in iShares Core S&P U.S. Growth ETF by 53.0% during the 3rd quarter. Evolution Wealth Management Inc. now owns 228 shares of the company’s stock worth $38,000 after buying an additional 79 shares during the last quarter.

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.