iShares Core S&P U.S. Growth ETF $IUSG Position Lowered by Tennessee Valley Asset Management Partners

Tennessee Valley Asset Management Partners decreased its position in shares of iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) by 2.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 321,893 shares of the company’s stock after selling 7,422 shares during the period. iShares Core S&P U.S. Growth ETF comprises approximately 6.8% of Tennessee Valley Asset Management Partners’ portfolio, making the stock its 2nd largest holding. Tennessee Valley Asset Management Partners’ holdings in iShares Core S&P U.S. Growth ETF were worth $62,367,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of America Corp DE increased its holdings in iShares Core S&P U.S. Growth ETF by 21.3% in the 1st quarter. Bank of America Corp DE now owns 52,774,558 shares of the company’s stock worth $8,185,862,000 after purchasing an additional 9,267,343 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of iShares Core S&P U.S. Growth ETF by 10.4% during the second quarter. Envestnet Asset Management Inc. now owns 3,166,362 shares of the company’s stock valued at $595,533,000 after purchasing an additional 298,332 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of iShares Core S&P U.S. Growth ETF by 13.6% during the first quarter. Royal Bank of Canada now owns 1,220,118 shares of the company’s stock worth $189,253,000 after purchasing an additional 145,703 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of iShares Core S&P U.S. Growth ETF by 10.8% during the first quarter. PNC Financial Services Group Inc. now owns 1,114,250 shares of the company’s stock worth $172,831,000 after purchasing an additional 108,893 shares during the last quarter. Finally, Commonwealth Equity Services LLC bought a new stake in shares of iShares Core S&P U.S. Growth ETF during the third quarter worth about $163,476,000.

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

Shares of iShares Core S&P U.S. Growth ETF stock traded up $1.70 on Friday, hitting $177.05. The stock had a trading volume of 1,429,806 shares, compared to its average volume of 675,358. The stock has a 50 day moving average of $190.90 and a 200 day moving average of $180.58. The firm has a market capitalization of $31.38 billion, a P/E ratio of 24.95 and a beta of 1.16. iShares Core S&P U.S. Growth ETF has a twelve month low of $148.39 and a twelve month high of $200.01.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were issued a dividend of $0.2445 per share. This represents a $0.98 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, September 15th. This is a positive change from iShares Core S&P U.S. Growth ETF’s previous quarterly dividend of $0.2356.

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.