iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) Reaches New 1-Year High – Should You Buy?

iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG)’s share price hit a new 52-week high on Friday. The stock traded as high as $196.90 and last traded at $196.7170, with a volume of 31198 shares. The stock had previously closed at $194.19.

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

The firm has a market capitalization of $34.54 billion, a price-to-earnings ratio of 32.52 and a beta of 1.16. The stock has a fifty day moving average of $190.46 and a two-hundred day moving average of $182.74.

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

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were given a $0.2445 dividend. This is a boost from iShares Core S&P U.S. Growth ETF’s previous quarterly dividend of $0.2356. The ex-dividend date was Tuesday, September 15th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 0.5%.

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

A number of hedge funds have recently made changes to their positions in IUSG. Bank of America Corp DE increased its position in iShares Core S&P U.S. Growth ETF by 21.3% during the 1st quarter. Bank of America Corp DE now owns 52,774,558 shares of the company’s stock valued at $8,185,862,000 after purchasing an additional 9,267,343 shares during the period. LPL Financial LLC lifted its position in shares of iShares Core S&P U.S. Growth ETF by 1.4% in the 4th quarter. LPL Financial LLC now owns 14,224,602 shares of the company’s stock worth $2,388,880,000 after purchasing an additional 191,247 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of iShares Core S&P U.S. Growth ETF by 10.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,166,362 shares of the company’s stock worth $595,533,000 after purchasing an additional 298,332 shares during the period. Royal Bank of Canada boosted its stake in shares of iShares Core S&P U.S. Growth ETF by 13.6% in the 1st quarter. Royal Bank of Canada now owns 1,220,118 shares of the company’s stock valued at $189,253,000 after purchasing an additional 145,703 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of iShares Core S&P U.S. Growth ETF by 10.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,114,250 shares of the company’s stock valued at $172,831,000 after purchasing an additional 108,893 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.