Financial Advocates Investment Management Purchases 966 Shares of iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG)

Financial Advocates Investment Management lifted its holdings in shares of iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) by 0.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 146,093 shares of the company’s stock after purchasing an additional 966 shares during the quarter. iShares Core S&P U.S. Growth ETF accounts for approximately 1.2% of Financial Advocates Investment Management’s portfolio, making the stock its 11th largest position. Financial Advocates Investment Management’s holdings in iShares Core S&P U.S. Growth ETF were worth $20,358,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cerity Partners LLC lifted its stake in shares of iShares Core S&P U.S. Growth ETF by 124.9% in the 3rd quarter. Cerity Partners LLC now owns 9,014 shares of the company’s stock valued at $1,189,000 after purchasing an additional 5,006 shares during the period. Foundations Investment Advisors LLC bought a new position in shares of iShares Core S&P U.S. Growth ETF in the 3rd quarter valued at about $278,000. JPMorgan Chase & Co. raised its stake in shares of iShares Core S&P U.S. Growth ETF by 6.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,339,301 shares of the company’s stock worth $176,667,000 after purchasing an additional 76,917 shares in the last quarter. Orion Portfolio Solutions LLC raised its position in iShares Core S&P U.S. Growth ETF by 5.0% during the third quarter. Orion Portfolio Solutions LLC now owns 10,711 shares of the company’s stock worth $1,413,000 after acquiring an additional 513 shares in the last quarter. Finally, Prospera Financial Services Inc lifted its stake in iShares Core S&P U.S. Growth ETF by 1.6% in the 3rd quarter. Prospera Financial Services Inc now owns 15,187 shares of the company’s stock valued at $2,006,000 after purchasing an additional 239 shares during the last quarter.

iShares Core S&P U.S. Growth ETF Stock Up 0.5 %

IUSG opened at $143.87 on Thursday. iShares Core S&P U.S. Growth ETF has a 12-month low of $109.63 and a 12-month high of $146.99. The business has a 50 day moving average of $141.96 and a 200-day moving average of $134.24. The stock has a market cap of $21.70 billion, a price-to-earnings ratio of 27.75 and a beta of 1.06.

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

The business also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were issued a dividend of $0.254 per share. This is an increase from iShares Core S&P U.S. Growth ETF’s previous dividend of $0.25. The ex-dividend date was Tuesday, December 17th.

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.