iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) Hits New 1-Year High – Time to Buy?

iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $193.96 and last traded at $193.78, with a volume of 426641 shares traded. The stock had previously closed at $188.85.

iShares Core S&P U.S. Growth ETF Trading Up 2.3%

The firm has a 50-day moving average of $186.18 and a two-hundred day moving average of $174.91. The firm has a market capitalization of $33.47 billion, a P/E ratio of 32.52 and a beta of 1.16.

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. Shareholders of record on Monday, June 15th were paid a dividend of $0.2356 per share. The ex-dividend date of this dividend was Monday, June 15th. 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 annualized dividend and a yield of 0.5%.

Institutional Investors Weigh In On iShares Core S&P U.S. Growth ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Imprint Wealth LLC bought a new position in iShares Core S&P U.S. Growth ETF in the 3rd quarter valued at approximately $25,000. Financial Life Planners acquired a new position in shares of iShares Core S&P U.S. Growth ETF during the first quarter worth $26,000. Realta Investment Advisors increased its holdings in shares of iShares Core S&P U.S. Growth ETF by 627.3% during the fourth quarter. Realta Investment Advisors now owns 160 shares of the company’s stock worth $27,000 after buying an additional 138 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of iShares Core S&P U.S. Growth ETF in the 4th quarter valued at $34,000. Finally, Darwin Wealth Management LLC bought a new position in shares of iShares Core S&P U.S. Growth ETF in the 1st quarter valued at $34,000.

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.