PFG Advisors Makes New $2.75 Million Investment in iShares Core S&P U.S. Growth ETF $IUSG

PFG Advisors bought a new position in iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 16,689 shares of the company’s stock, valued at approximately $2,746,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Evolution Wealth Management Inc. grew its stake in iShares Core S&P U.S. Growth ETF by 53.0% in the third quarter. Evolution Wealth Management Inc. now owns 228 shares of the company’s stock worth $38,000 after purchasing an additional 79 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in iShares Core S&P U.S. Growth ETF during the second quarter valued at $34,000. Global Wealth Strategies & Associates boosted its holdings in shares of iShares Core S&P U.S. Growth ETF by 54.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 231 shares of the company’s stock valued at $38,000 after buying an additional 81 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of iShares Core S&P U.S. Growth ETF in the 3rd quarter worth about $53,000. Finally, GGM Financials LLC purchased a new stake in shares of iShares Core S&P U.S. Growth ETF in the 3rd quarter worth about $68,000.

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

Shares of iShares Core S&P U.S. Growth ETF stock opened at $163.96 on Tuesday. iShares Core S&P U.S. Growth ETF has a 1 year low of $108.91 and a 1 year high of $172.33. The firm has a market cap of $26.69 billion, a price-to-earnings ratio of 32.52 and a beta of 1.11. The company has a 50-day moving average of $166.95 and a 200 day moving average of $165.69.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were issued a $0.2627 dividend. This represents a $1.05 dividend on an annualized basis and a yield of 0.6%. This is a boost from iShares Core S&P U.S. Growth ETF’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, December 16th.

About iShares Core S&P U.S. Growth ETF

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.