Armbruster Capital Management Inc. Sells 197 Shares of iShares Core S&P U.S. Growth ETF $IUSG

Armbruster Capital Management Inc. lowered its holdings in shares of iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) by 6.3% during the second quarter, Holdings Channel reports. The firm owned 2,928 shares of the company’s stock after selling 197 shares during the period. Armbruster Capital Management Inc.’s holdings in iShares Core S&P U.S. Growth ETF were worth $440,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of IUSG. Capital A Wealth Management LLC increased its position in iShares Core S&P U.S. Growth ETF by 705.3% during the first quarter. Capital A Wealth Management LLC now owns 306 shares of the company’s stock worth $39,000 after buying an additional 268 shares during the last quarter. Flaharty Asset Management LLC acquired a new stake in shares of iShares Core S&P U.S. Growth ETF in the first quarter worth about $47,000. National Bank of Canada FI boosted its stake in shares of iShares Core S&P U.S. Growth ETF by 50.0% during the 1st quarter. National Bank of Canada FI now owns 450 shares of the company’s stock worth $57,000 after acquiring an additional 150 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of iShares Core S&P U.S. Growth ETF during the 1st quarter valued at about $66,000. Finally, NorthRock Partners LLC increased its holdings in shares of iShares Core S&P U.S. Growth ETF by 107.1% during the 1st quarter. NorthRock Partners LLC now owns 551 shares of the company’s stock valued at $70,000 after acquiring an additional 285 shares during the last quarter.

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

Shares of IUSG stock opened at $164.89 on Wednesday. The stock’s 50 day simple moving average is $159.67 and its 200 day simple moving average is $145.96. iShares Core S&P U.S. Growth ETF has a twelve month low of $108.91 and a twelve month high of $166.21. The company has a market capitalization of $25.31 billion, a price-to-earnings ratio of 32.52 and a beta of 1.06.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 16th were paid a $0.2487 dividend. The ex-dividend date was Tuesday, September 16th. This is a positive change from iShares Core S&P U.S. Growth ETF’s previous quarterly dividend of $0.21. This represents a $0.99 dividend on an annualized basis and a dividend yield of 0.6%.

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

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.