iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) Hits New 52-Week High – Here’s Why

iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) hit a new 52-week high on Tuesday . The company traded as high as $135.15 and last traded at $134.70, with a volume of 235350 shares. The stock had previously closed at $134.70.

iShares Core S&P U.S. Growth ETF Trading Up 0.6 %

The stock has a market capitalization of $20.01 billion, a price-to-earnings ratio of 27.75 and a beta of 1.06. The stock’s 50 day moving average is $129.65 and its two-hundred day moving average is $124.72.

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

The firm also recently declared a dividend, which was paid on Monday, September 30th. Shareholders of record on Wednesday, September 25th were given a dividend of $0.2513 per share. The ex-dividend date was Wednesday, September 25th.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in IUSG. Kestra Investment Management LLC bought a new stake in iShares Core S&P U.S. Growth ETF during the 2nd quarter worth about $96,472,000. LPL Financial LLC raised its holdings in shares of iShares Core S&P U.S. Growth ETF by 5.1% in the 2nd quarter. LPL Financial LLC now owns 14,785,442 shares of the company’s stock valued at $1,884,848,000 after purchasing an additional 720,444 shares during the period. Citizens Financial Group Inc. RI raised its holdings in shares of iShares Core S&P U.S. Growth ETF by 25,330.2% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 645,165 shares of the company’s stock valued at $82,246,000 after purchasing an additional 642,628 shares during the period. Cetera Investment Advisers raised its holdings in shares of iShares Core S&P U.S. Growth ETF by 564.8% in the 1st quarter. Cetera Investment Advisers now owns 365,085 shares of the company’s stock valued at $42,792,000 after purchasing an additional 310,166 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in shares of iShares Core S&P U.S. Growth ETF in the 2nd quarter valued at about $23,807,000.

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.