Commonwealth Equity Services LLC Trims Position in iShares Core S&P U.S. Growth ETF $IUSG

Commonwealth Equity Services LLC reduced its stake in iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) by 16.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,189,933 shares of the company’s stock after selling 228,898 shares during the quarter. Commonwealth Equity Services LLC owned 0.77% of iShares Core S&P U.S. Growth ETF worth $178,966,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Independence Financial Advisors LLC acquired a new stake in shares of iShares Core S&P U.S. Growth ETF in the 1st quarter worth $62,741,000. Merit Financial Group LLC raised its holdings in iShares Core S&P U.S. Growth ETF by 37.3% during the second quarter. Merit Financial Group LLC now owns 1,539,575 shares of the company’s stock worth $231,552,000 after purchasing an additional 418,656 shares in the last quarter. SCS Capital Management LLC purchased a new position in iShares Core S&P U.S. Growth ETF during the first quarter worth about $28,614,000. Atlantic Union Bankshares Corp raised its holdings in iShares Core S&P U.S. Growth ETF by 9,508.6% during the second quarter. Atlantic Union Bankshares Corp now owns 223,016 shares of the company’s stock worth $33,542,000 after purchasing an additional 220,695 shares in the last quarter. Finally, Waldron Private Wealth LLC acquired a new position in iShares Core S&P U.S. Growth ETF during the 2nd quarter worth approximately $27,300,000.

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

NASDAQ:IUSG opened at $168.27 on Thursday. The stock has a fifty day moving average price of $164.01 and a two-hundred day moving average price of $152.36. The stock has a market capitalization of $25.94 billion, a price-to-earnings ratio of 32.52 and a beta of 1.11. iShares Core S&P U.S. Growth ETF has a 1 year low of $108.91 and a 1 year high of $172.33.

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

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

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.