iShares Core S&P U.S. Growth ETF $IUSG Shares Sold by Merit Financial Group LLC

Merit Financial Group LLC trimmed its holdings in iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) by 8.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,412,197 shares of the company’s stock after selling 127,378 shares during the period. iShares Core S&P U.S. Growth ETF comprises approximately 2.1% of Merit Financial Group LLC’s holdings, making the stock its 4th largest holding. Merit Financial Group LLC owned about 0.92% of iShares Core S&P U.S. Growth ETF worth $232,363,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Founders Financial Alliance LLC increased its position in shares of iShares Core S&P U.S. Growth ETF by 765.2% in the 3rd quarter. Founders Financial Alliance LLC now owns 597 shares of the company’s stock worth $98,000 after purchasing an additional 528 shares during the last quarter. Providence Financial Advisors LLC bought a new stake in shares of iShares Core S&P U.S. Growth ETF during the 3rd quarter valued at about $362,000. JPMorgan Chase & Co. lifted its holdings in iShares Core S&P U.S. Growth ETF by 6.4% in the third quarter. JPMorgan Chase & Co. now owns 1,606,944 shares of the company’s stock worth $264,407,000 after acquiring an additional 97,183 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of iShares Core S&P U.S. Growth ETF by 10.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 865,743 shares of the company’s stock worth $142,449,000 after purchasing an additional 80,713 shares during the period. Finally, HighTower Advisors LLC grew its stake in iShares Core S&P U.S. Growth ETF by 0.3% during the 3rd quarter. HighTower Advisors LLC now owns 568,434 shares of the company’s stock worth $93,531,000 after buying an additional 1,514 shares during the last quarter.

iShares Core S&P U.S. Growth ETF Stock Down 0.4%

IUSG stock opened at $162.99 on Tuesday. The firm’s 50-day simple moving average is $168.10 and its 200 day simple moving average is $164.81. The stock has a market cap of $26.53 billion, a PE ratio of 32.52 and a beta of 1.11. iShares Core S&P U.S. Growth ETF has a fifty-two week low of $108.91 and a fifty-two week high of $172.33.

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

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were paid a dividend of $0.2627 per share. This represents a $1.05 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, December 16th. This is a positive change from iShares Core S&P U.S. Growth ETF’s previous quarterly dividend of $0.25.

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.