PNC Financial Services Group Inc. Reduces Stake in iShares Core S&P U.S. Growth ETF $IUSG

PNC Financial Services Group Inc. lessened its position in shares of iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 785,030 shares of the company’s stock after selling 1,254 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares Core S&P U.S. Growth ETF were worth $118,069,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Wealth Alliance LLC lifted its position in shares of iShares Core S&P U.S. Growth ETF by 31.7% during the second quarter. Wealth Alliance LLC now owns 2,280 shares of the company’s stock worth $343,000 after acquiring an additional 549 shares in the last quarter. Cvfg LLC purchased a new stake in iShares Core S&P U.S. Growth ETF during the 2nd quarter worth about $242,000. Nwam LLC bought a new position in iShares Core S&P U.S. Growth ETF in the 2nd quarter worth about $512,000. Birchcreek Wealth Management LLC grew its holdings in iShares Core S&P U.S. Growth ETF by 4.1% during the 2nd quarter. Birchcreek Wealth Management LLC now owns 117,182 shares of the company’s stock valued at $17,624,000 after buying an additional 4,580 shares in the last quarter. Finally, Cahill Financial Advisors Inc. increased its position in shares of iShares Core S&P U.S. Growth ETF by 3.0% during the second quarter. Cahill Financial Advisors Inc. now owns 16,905 shares of the company’s stock valued at $2,542,000 after buying an additional 498 shares during the period.

iShares Core S&P U.S. Growth ETF Trading Down 0.2%

IUSG stock opened at $168.47 on Thursday. The firm has a 50 day moving average of $165.07 and a 200-day moving average of $153.89. The firm has a market capitalization of $25.97 billion, a P/E ratio of 32.52 and a beta of 1.11. iShares Core S&P U.S. Growth ETF has a 12 month low of $108.91 and a 12 month high of $172.33.

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

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