Bank of America Corp DE Increases Position in iShares Core S&P U.S. Growth ETF $IUSG

Bank of America Corp DE lifted its stake in iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) by 21.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,774,558 shares of the company’s stock after acquiring an additional 9,267,343 shares during the period. iShares Core S&P U.S. Growth ETF accounts for 0.6% of Bank of America Corp DE’s portfolio, making the stock its 29th largest position. Bank of America Corp DE owned 0.31% of iShares Core S&P U.S. Growth ETF worth $8,185,862,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Valpey Financial Services LLC grew its stake in iShares Core S&P U.S. Growth ETF by 16,640.2% in the fourth quarter. Valpey Financial Services LLC now owns 3,525,312 shares of the company’s stock valued at $592,041,000 after purchasing an additional 3,504,253 shares during the last quarter. SHP Wealth Management purchased a new stake in shares of iShares Core S&P U.S. Growth ETF during the fourth quarter valued at about $78,328,000. Kestra Investment Management LLC grew its position in shares of iShares Core S&P U.S. Growth ETF by 40.5% in the 4th quarter. Kestra Investment Management LLC now owns 1,131,808 shares of the company’s stock worth $190,076,000 after buying an additional 326,483 shares during the last quarter. Bleakley Financial Group LLC grew its position in shares of 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 buying an additional 218,138 shares during the last quarter. Finally, Merit Financial Group LLC raised its stake in shares of iShares Core S&P U.S. Growth ETF by 15.2% during the 4th quarter. Merit Financial Group LLC now owns 1,626,452 shares of the company’s stock worth $273,146,000 after acquiring an additional 214,255 shares in the last quarter.

iShares Core S&P U.S. Growth ETF Stock Down 2.0%

NASDAQ:IUSG opened at $176.95 on Thursday. iShares Core S&P U.S. Growth ETF has a 52 week low of $148.39 and a 52 week high of $193.85. The firm has a 50 day moving average of $186.26 and a 200 day moving average of $174.59. The stock has a market capitalization of $30.38 billion, a price-to-earnings ratio of 32.52 and a beta of 1.16.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a dividend of $0.2356 per share. The ex-dividend date of this dividend was Monday, June 15th. This is a boost 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%.

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.