iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) Sets New 1-Year High – Here’s Why

iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) shares reached a new 52-week high on Wednesday . The stock traded as high as $145.81 and last traded at $145.75, with a volume of 41965 shares. The stock had previously closed at $144.07.

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

The firm has a market cap of $22.11 billion, a P/E ratio of 27.75 and a beta of 1.06. The company’s 50-day moving average is $140.88 and its two-hundred day moving average is $133.45.

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

The company also recently declared a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were given a dividend of $0.254 per share. This is a positive change from iShares Core S&P U.S. Growth ETF’s previous dividend of $0.25. The ex-dividend date of this dividend was Tuesday, December 17th.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in IUSG. Hershey Financial Advisers LLC acquired a new position in shares of iShares Core S&P U.S. Growth ETF during the 2nd quarter worth $25,000. Venturi Wealth Management LLC raised its stake in iShares Core S&P U.S. Growth ETF by 460.0% during the third quarter. Venturi Wealth Management LLC now owns 252 shares of the company’s stock worth $33,000 after acquiring an additional 207 shares in the last quarter. Mogy Joel R Investment Counsel Inc. lifted its holdings in shares of iShares Core S&P U.S. Growth ETF by 316.7% in the fourth quarter. Mogy Joel R Investment Counsel Inc. now owns 250 shares of the company’s stock worth $35,000 after acquiring an additional 190 shares during the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of iShares Core S&P U.S. Growth ETF in the 3rd quarter valued at approximately $37,000. Finally, Global Wealth Strategies & Associates grew its holdings in shares of iShares Core S&P U.S. Growth ETF by 113.3% during the 4th quarter. Global Wealth Strategies & Associates now owns 320 shares of the company’s stock valued at $45,000 after purchasing an additional 170 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.