iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) Sets New 12-Month High – Still a Buy?

Shares of iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $178.49 and last traded at $178.45, with a volume of 740274 shares trading hands. The stock had previously closed at $177.54.

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

The firm has a market capitalization of $29.87 billion, a P/E ratio of 32.52 and a beta of 1.14. The firm has a 50-day moving average of $164.40 and a 200-day moving average of $166.33.

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

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

Institutional Investors Weigh In On iShares Core S&P U.S. Growth ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bristlecone Advisors LLC grew its position in shares of iShares Core S&P U.S. Growth ETF by 915.1% during the third quarter. Bristlecone Advisors LLC now owns 3,756 shares of the company’s stock valued at $618,000 after purchasing an additional 3,386 shares in the last quarter. Intrua Financial LLC purchased a new position in shares of iShares Core S&P U.S. Growth ETF during the third quarter valued at about $566,000. Benjamin Edwards Inc. grew its position in shares of iShares Core S&P U.S. Growth ETF by 3.3% during the third quarter. Benjamin Edwards Inc. now owns 677,124 shares of the company’s stock valued at $111,419,000 after purchasing an additional 21,728 shares in the last quarter. Private Advisor Group LLC grew its position in shares of iShares Core S&P U.S. Growth ETF by 4.1% during the third quarter. Private Advisor Group LLC now owns 213,270 shares of the company’s stock valued at $35,092,000 after purchasing an additional 8,487 shares in the last quarter. Finally, Tanglewood Legacy Advisors LLC grew its position in shares of iShares Core S&P U.S. Growth ETF by 1.6% during the third quarter. Tanglewood Legacy Advisors LLC now owns 319,082 shares of the company’s stock valued at $52,502,000 after purchasing an additional 5,092 shares in 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.