iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) Reaches New 1-Year High – Still a Buy?

iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $145.81 and last traded at $145.75, with a volume of 41965 shares changing hands. The stock had previously closed at $144.07.

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

The firm has a market cap of $22.06 billion, a P/E ratio of 27.75 and a beta of 1.06. The firm’s 50-day moving average price is $140.57 and its 200 day moving average price is $133.27.

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

The company also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were issued a dividend of $0.254 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This is an increase from iShares Core S&P U.S. Growth ETF’s previous dividend of $0.25.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC acquired a new stake in shares of iShares Core S&P U.S. Growth ETF during the second quarter worth $1,695,000. Summit Trail Advisors LLC acquired a new position in iShares Core S&P U.S. Growth ETF in the second quarter valued at approximately $202,000. Providence Capital Advisors LLC grew its holdings in shares of iShares Core S&P U.S. Growth ETF by 102.4% during the second quarter. Providence Capital Advisors LLC now owns 767 shares of the company’s stock valued at $98,000 after purchasing an additional 388 shares during the last quarter. Magnolia Capital Advisors LLC acquired a new stake in shares of iShares Core S&P U.S. Growth ETF during the 2nd quarter worth approximately $3,954,000. Finally, Creative Planning lifted its holdings in shares of iShares Core S&P U.S. Growth ETF by 7.5% in the 2nd quarter. Creative Planning now owns 67,406 shares of the company’s stock worth $8,593,000 after purchasing an additional 4,724 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.