SHP Wealth Management Makes New Investment in iShares Core S&P U.S. Growth ETF $IUSG

SHP Wealth Management acquired a new stake in shares of iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 466,387 shares of the company’s stock, valued at approximately $78,328,000. iShares Core S&P U.S. Growth ETF comprises 6.1% of SHP Wealth Management’s portfolio, making the stock its 3rd largest holding. SHP Wealth Management owned approximately 0.29% of iShares Core S&P U.S. Growth ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in IUSG. Valpey Financial Services LLC lifted its holdings in shares of iShares Core S&P U.S. Growth ETF by 16,640.2% in the 4th quarter. Valpey Financial Services LLC now owns 3,525,312 shares of the company’s stock worth $592,041,000 after acquiring an additional 3,504,253 shares during the last quarter. Bank of America Corp DE grew its holdings in iShares Core S&P U.S. Growth ETF by 4.4% during the 4th quarter. Bank of America Corp DE now owns 43,507,215 shares of the company’s stock valued at $7,306,602,000 after purchasing an additional 1,853,499 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new position in iShares Core S&P U.S. Growth ETF during the 3rd quarter valued at about $56,521,000. Kestra Investment Management LLC grew its holdings in iShares Core S&P U.S. Growth ETF by 40.5% during the 4th quarter. Kestra Investment Management LLC now owns 1,131,808 shares of the company’s stock valued at $190,076,000 after purchasing an additional 326,483 shares during the last quarter. Finally, Bleakley Financial Group LLC raised its position in iShares Core S&P U.S. Growth ETF by 2,061.6% in the 4th quarter. Bleakley Financial Group LLC now owns 228,719 shares of the company’s stock worth $38,411,000 after purchasing an additional 218,138 shares during the period.

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

Shares of NASDAQ IUSG opened at $188.68 on Friday. The company has a market cap of $31.96 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 firm has a 50-day simple moving average of $182.64 and a two-hundred day simple moving average of $171.32.

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 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.