iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) Reaches New 12-Month High – Still a Buy?

iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $190.22 and last traded at $189.65, with a volume of 100192 shares trading hands. The stock had previously closed at $188.93.

iShares Core S&P U.S. Growth ETF Trading Up 0.8%

The firm’s 50-day moving average is $172.18 and its 200-day moving average is $168.68. The firm has a market cap of $32.26 billion, a price-to-earnings ratio of 32.52 and a beta of 1.16.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were given a $0.1752 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.70 annualized dividend and a yield of 0.4%.

Institutional Trading of iShares Core S&P U.S. Growth ETF

Several hedge funds have recently bought and sold shares of the business. Glenmede Trust Co. NA boosted its holdings in iShares Core S&P U.S. Growth ETF by 1.6% during the 1st quarter. Glenmede Trust Co. NA now owns 11,187 shares of the company’s stock worth $1,735,000 after acquiring an additional 173 shares during the last quarter. TrueWealth Financial Partners purchased a new position in iShares Core S&P U.S. Growth ETF during the 1st quarter worth $724,000. Western Wealth Management LLC boosted its holdings in iShares Core S&P U.S. Growth ETF by 4.6% during the 1st quarter. Western Wealth Management LLC now owns 22,524 shares of the company’s stock worth $3,494,000 after acquiring an additional 983 shares during the last quarter. McIlrath & Eck LLC boosted its holdings in iShares Core S&P U.S. Growth ETF by 317.0% during the 1st quarter. McIlrath & Eck LLC now owns 5,358 shares of the company’s stock worth $831,000 after acquiring an additional 4,073 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings 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 worth $8,185,862,000 after acquiring an additional 9,267,343 shares during the last quarter.

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