iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) Sees Large Volume Increase – Should You Buy?

iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) shares saw strong trading volume on Wednesday . 600,052 shares traded hands during trading, an increase of 3% from the previous session’s volume of 584,514 shares.The stock last traded at $140.45 and had previously closed at $140.45.

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

The company’s fifty day moving average price is $139.84 and its 200 day moving average price is $132.54. The firm has a market capitalization of $21.07 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 company also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.254 per share. This is a positive change from iShares Core S&P U.S. Growth ETF’s previous dividend of $0.25. The ex-dividend date was Tuesday, December 17th.

Institutional Investors Weigh In On iShares Core S&P U.S. Growth ETF

Several hedge funds have recently made changes to their positions in the company. LPL Financial LLC lifted its holdings in shares of iShares Core S&P U.S. Growth ETF by 0.6% during the 3rd quarter. LPL Financial LLC now owns 14,877,167 shares of the company’s stock worth $1,962,447,000 after acquiring an additional 91,725 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of iShares Core S&P U.S. Growth ETF by 6.9% in the second quarter. Envestnet Asset Management Inc. now owns 2,062,842 shares of the company’s stock valued at $262,971,000 after purchasing an additional 133,723 shares during the last quarter. JPMorgan Chase & Co. lifted its position in iShares Core S&P U.S. Growth ETF by 6.1% during the third 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 during the period. Kestra Investment Management LLC lifted its holdings in shares of iShares Core S&P U.S. Growth ETF by 11.1% in the third quarter. Kestra Investment Management LLC now owns 840,995 shares of the company’s stock worth $110,936,000 after acquiring an additional 84,236 shares during the last quarter. Finally, Citizens Financial Group Inc. RI increased its position in iShares Core S&P U.S. Growth ETF by 5.2% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 678,511 shares of the company’s stock valued at $89,502,000 after purchasing an additional 33,346 shares during the period.

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.