Founders Financial Securities LLC Purchases 11,053 Shares of iShares Core S&P U.S. Growth ETF $IUSG

Founders Financial Securities LLC boosted its holdings in iShares Core S&P U.S. Growth ETF (NASDAQ:IUSGFree Report) by 11.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 108,508 shares of the company’s stock after buying an additional 11,053 shares during the period. iShares Core S&P U.S. Growth ETF makes up 1.2% of Founders Financial Securities LLC’s investment portfolio, making the stock its 18th largest position. Founders Financial Securities LLC’s holdings in iShares Core S&P U.S. Growth ETF were worth $17,854,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in IUSG. Bank of America Corp DE increased its holdings in shares of iShares Core S&P U.S. Growth ETF by 0.8% in the 2nd quarter. Bank of America Corp DE now owns 43,464,067 shares of the company’s stock worth $6,536,996,000 after purchasing an additional 348,725 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of iShares Core S&P U.S. Growth ETF by 1.6% during the second quarter. Envestnet Asset Management Inc. now owns 2,049,968 shares of the company’s stock valued at $308,315,000 after buying an additional 32,376 shares during the last quarter. Blue Trust Inc. increased its holdings in iShares Core S&P U.S. Growth ETF by 4.8% in the 2nd quarter. Blue Trust Inc. now owns 1,975,369 shares of the company’s stock worth $297,095,000 after buying an additional 90,129 shares in the last quarter. Merit Financial Group LLC increased its holdings in iShares Core S&P U.S. Growth ETF by 37.3% in the 2nd quarter. Merit Financial Group LLC now owns 1,539,575 shares of the company’s stock worth $231,552,000 after buying an additional 418,656 shares in the last quarter. Finally, Raymond James Financial Inc. raised its position in iShares Core S&P U.S. Growth ETF by 5.9% in the 2nd quarter. Raymond James Financial Inc. now owns 1,315,986 shares of the company’s stock worth $197,924,000 after buying an additional 73,036 shares during the last quarter.

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

IUSG opened at $170.00 on Wednesday. The company’s 50-day simple moving average is $166.95 and its two-hundred day simple moving average is $159.78. The stock has a market capitalization of $26.21 billion, a P/E ratio of 32.52 and a beta of 1.11. iShares Core S&P U.S. Growth ETF has a 52-week low of $108.91 and a 52-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 given a $0.2627 dividend. This is a boost from iShares Core S&P U.S. Growth ETF’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $1.05 dividend on an annualized basis and a yield of 0.6%.

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

(Free Report)

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.

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Want to see what other hedge funds are holding IUSG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Core S&P U.S. Growth ETF (NASDAQ:IUSGFree Report).

Institutional Ownership by Quarter for iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG)

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