Foundry Financial Group Inc. Acquires 43,643 Shares of iShares Core S&P U.S. Growth ETF $IUSG

Foundry Financial Group Inc. increased its holdings in shares of iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) by 56.4% during the third quarter, HoldingsChannel.com reports. The fund owned 121,061 shares of the company’s stock after buying an additional 43,643 shares during the quarter. iShares Core S&P U.S. Growth ETF makes up approximately 9.7% of Foundry Financial Group Inc.’s investment portfolio, making the stock its 2nd largest position. Foundry Financial Group Inc.’s holdings in iShares Core S&P U.S. Growth ETF were worth $23,456,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Envestnet Asset Management Inc. increased its holdings in 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 worth $595,533,000 after buying an additional 298,332 shares during the last quarter. CX Institutional raised its position in iShares Core S&P U.S. Growth ETF by 3.5% in the third quarter. CX Institutional now owns 159,903 shares of the company’s stock worth $30,981,000 after acquiring an additional 5,425 shares during the period. Navigation Group LLC bought a new stake in iShares Core S&P U.S. Growth ETF in the first quarter worth about $1,957,000. TrueWealth Financial Partners bought a new stake in iShares Core S&P U.S. Growth ETF in the first quarter worth about $724,000. Finally, Renasant Bank bought a new stake in iShares Core S&P U.S. Growth ETF in the first quarter worth about $1,024,000.

iShares Core S&P U.S. Growth ETF Stock Down 1.3%

IUSG opened at $188.50 on Friday. The stock has a market cap of $33.32 billion, a price-to-earnings ratio of 32.52 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. The company’s 50-day moving average price is $191.93 and its two-hundred day moving average price is $180.21.

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

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were paid a dividend of $0.2445 per share. This represents a $0.98 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Tuesday, September 15th. This is an increase 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.