Arax Advisory Partners Acquires Shares of 9,368 iShares Core S&P U.S. Growth ETF $IUSG

Arax Advisory Partners bought a new position in iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 9,368 shares of the company’s stock, valued at approximately $1,573,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Aptus Capital Advisors LLC increased its position in shares of iShares Core S&P U.S. Growth ETF by 12.1% during the 4th quarter. Aptus Capital Advisors LLC now owns 1,458 shares of the company’s stock worth $245,000 after purchasing an additional 157 shares during the last quarter. Kestra Advisory Services LLC boosted its holdings in iShares Core S&P U.S. Growth ETF by 11.5% during the 4th quarter. Kestra Advisory Services LLC now owns 224,006 shares of the company’s stock valued at $37,619,000 after acquiring an additional 23,059 shares during the period. Inspire Advisors LLC boosted its holdings in iShares Core S&P U.S. Growth ETF by 23.2% during the 4th quarter. Inspire Advisors LLC now owns 4,674 shares of the company’s stock valued at $785,000 after acquiring an additional 880 shares during the period. Visionary Wealth Advisors boosted its stake in shares of iShares Core S&P U.S. Growth ETF by 2.1% in the 4th quarter. Visionary Wealth Advisors now owns 5,922 shares of the company’s stock valued at $995,000 after buying an additional 123 shares during the period. Finally, Stifel Financial Corp boosted its stake in shares of iShares Core S&P U.S. Growth ETF by 4.9% in the 4th quarter. Stifel Financial Corp now owns 141,831 shares of the company’s stock valued at $23,819,000 after buying an additional 6,573 shares during the period.

iShares Core S&P U.S. Growth ETF Stock Up 2.7%

IUSG stock opened at $189.81 on Tuesday. The business has a 50 day moving average price of $180.38 and a 200 day moving average price of $170.79. The stock has a market cap of $32.15 billion, a price-to-earnings ratio of 32.52 and a beta of 1.17. iShares Core S&P U.S. Growth ETF has a fifty-two week low of $142.55 and a fifty-two week high of $193.85.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Monday, June 15th will be paid a dividend of $0.2356 per share. The ex-dividend date is Monday, June 15th. This is a positive change from iShares Core S&P U.S. Growth ETF’s previous quarterly dividend of $0.18. This represents a $0.94 annualized dividend and a yield of 0.5%.

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.