Sovereign Financial Group Inc. Buys 3,146 Shares of iShares Core S&P U.S. Growth ETF $IUSG

Sovereign Financial Group Inc. boosted its stake in shares of iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) by 19.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 19,741 shares of the company’s stock after buying an additional 3,146 shares during the period. Sovereign Financial Group Inc.’s holdings in iShares Core S&P U.S. Growth ETF were worth $3,062,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of IUSG. Bank of America Corp DE lifted its holdings in shares of iShares Core S&P U.S. Growth ETF by 4.4% in the 4th quarter. Bank of America Corp DE now owns 43,507,215 shares of the company’s stock worth $7,306,602,000 after acquiring an additional 1,853,499 shares during the last quarter. LPL Financial LLC boosted its stake in shares of iShares Core S&P U.S. Growth ETF by 1.4% during the 4th quarter. LPL Financial LLC now owns 14,224,602 shares of the company’s stock worth $2,388,880,000 after purchasing an additional 191,247 shares during the period. Valpey Financial Services LLC grew its holdings in iShares Core S&P U.S. Growth ETF by 16,640.2% during the 4th quarter. Valpey Financial Services LLC now owns 3,525,312 shares of the company’s stock valued at $592,041,000 after purchasing an additional 3,504,253 shares during the last quarter. Merit Financial Group LLC grew its holdings in iShares Core S&P U.S. Growth ETF by 15.2% during the 4th quarter. Merit Financial Group LLC now owns 1,626,452 shares of the company’s stock valued at $273,146,000 after purchasing an additional 214,255 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in iShares Core S&P U.S. Growth ETF by 0.9% during the 4th quarter. JPMorgan Chase & Co. now owns 1,621,371 shares of the company’s stock valued at $272,293,000 after purchasing an additional 14,427 shares during the last quarter.

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

iShares Core S&P U.S. Growth ETF stock opened at $187.27 on Tuesday. The firm has a market capitalization of $31.72 billion, a P/E ratio of 32.52 and a beta of 1.17. iShares Core S&P U.S. Growth ETF has a 1-year low of $142.55 and a 1-year high of $193.85. The company’s 50-day moving average is $183.10 and its 200 day moving average is $171.48.

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

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a dividend of $0.2356 per share. This is a positive change from iShares Core S&P U.S. Growth ETF’s previous quarterly dividend of $0.18. This represents a $0.94 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, June 15th.

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.